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Tax Season: 3 Tips for Small Businesses

Tax Season

Tax Season: 3 Tips for Small Businesses

December 20, 2022

Tax Season

peakreliance

Accounting, Taxes

It is common for small business owners to put off thinking about taxes until the last minute. However, starting to prepare for tax season early can help you reduce your tax burden, increase deductions, and avoid the stress of trying to complete everything at the last minute. By getting a jump on tax season, you can take proactive steps to minimize your tax burden and ensure that you are well-prepared for the upcoming filing deadline.

  1. Keep employee and independent contractor information up-to-date

    As a small business owner, it is important to keep track of all your independent contractors and employees. If you work with independent contractors who are not employees or an incorporated business, you will need to submit a 1099 form to report any payments of $600 or more. To ensure you have the most accurate contact information for your contractors, you may request that they fill out a W-9 form, which will provide you with their business tax identification number and contact information.

    To prepare for tax season, it is also important to make sure that you have updated contact information for all your employees. You should request that all employees log into your payroll system and update their information before the end of the year. By January 31, each employee should receive a W-2 form. By starting early and ensuring that you have accurate and up-to-date information for all your contractors and employees, you can avoid last-minute issues and ensure a smooth tax season.

  2. Boost Your End-of-Year Deductions

    As the end of the year approaches, it is a good idea to consider ways to minimize your tax bill. Here are a few ways you can do this:

    • Buy Necessary Equipment: If you need to purchase new computer equipment or office furniture, you may be able to deduct the cost of these items on your taxes. Under Section 179, small businesses are allowed to take a tax deduction of the full purchase price for certain qualifying property, such as business equipment and supplies like computers and office furniture, rather than depreciating the cost over time.
    • Provide Donation to a Qualified Charitable Organization: Donating cash or in-kind (property or equipment) to a qualified charitable organization can help you reduce your tax burden. Your deduction limits will depend on your business’s organizational structure.
    • Give your employees year-end bonuses: If your business has had a successful year, consider giving bonuses to outstanding employees before the end of the year. Bonuses given before December 31 can help minimize your tax burden.
    • Organize a Reasonable Holiday Party: Your holiday party expenses may be deductible if they meet certain criteria established by the IRS. For example, the IRS may allow you to deduct 100% of your holiday party expenses if the event promotes employee goodwill and is limited to all employees (not including the owner) and their spouses. No contractors, vendors, or business contacts are allowed to attend in order to qualify for the full deduction. Additionally, the event must be reasonable in relation to your annual revenue and not considered extravagant. 
  3. Gather documentation

    To minimize your tax burden, it is important to have accurate and well-organized documentation for all your expenses and deductions. This may include receipts, invoices, and other documentation. You may want to make copies or electronically scan paper receipts and other hard-to-read documents to ensure that you have access to them when you need them.

Start collecting receipts and invoices for items that are often overlooked, such as cloud-based subscription services like Dropbox, domain names and web hosting, and online shopping services like Amazon Prime or membership programs like Costco, if they are used exclusively for your business. You should also review business credit card accounts, current year bank statements, or last year’s tax returns to identify any forgotten expenses. Don’t forget to gather receipts for any paid professional services, such as attorney fees, membership dues, or business-related publications. If you attended any conferences or trade shows this year, make sure to gather receipts for the event registration fee and related expenses like parking or toll fees.

It is a good idea to start organizing your documentation as early as possible, rather than waiting until the end of December. This will help you avoid last-minute scrambling to find receipts and get your documents to your tax professional in a timely manner. Consider setting up an easy-to-use filing system to help you keep track of all your documents and files.

Don’t let tax season stress you out! Let Peak Reliance help you navigate the complexities of small business tax preparation. Our team of experts will ensure that you receive all the deductions and credits you’re entitled to, and help you file your taxes accurately and on time. To learn more about our services and pricing, visit our pricing page or give us a call at (718) 218-5558. You can also email us at [email protected] with any questions or to schedule a consultation.

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How Much Are California Payroll Taxes in 2022?

How Much Are California Payroll Taxes in 2022?

How Much Are California Payroll Taxes in 2022?

November 30, 2022

How Much Are California Payroll Taxes in 2022?

peakreliance

Accounting, Bookkeeping, California, Taxes

California is one of the most expensive states in which to run a business, and that’s not going to change anytime soon. The state has a complex set of laws governing payroll taxes, and they keep getting more expensive over time. In this article, we take a look at how much employers in the state need to pay payroll taxes as of 2022. We’ll explain the details about the different tax types, how they’re calculated and their effect on your business’s bottom line. 

What is a Payroll Tax? 

The terms “payroll tax” and “payroll withholding tax” are often used interchangeably. However, these two terms actually refer to two very different things. Payroll taxes are the type of taxes employers in the U.S. are required by law to deposit into an employee’s account. This includes both state and federal payroll taxes. Federal law requires employers to withhold payroll taxes from employees’ paychecks. If an employee doesn’t have a sufficient amount of money in their account to cover a certain tax, the employer is required to cover the difference. Federal payroll taxes include: – Medicare tax – This tax applies only to employers with annual payrolls of more than $200,000. It’s a 0.9% tax on the first $200,000 of the employer’s annual payroll, plus an additional 0.9% on the excess amount. – Social Security tax – This tax applies to both employers and employees. Employers pay 6.2% on the first $127,200 of wages, and employees pay the full 12.4% on the first $127,200 of wages, plus an additional 2% on the excess amount of $33,400. – Federal income tax – Employers are required to withhold another 10% of wages paid to employees as federal income tax. 

How Are California Payroll Taxes Calculated? 

The amount of California payroll taxes you’ll have to pay depends on a number of factors. In general, the amount of taxes you have to pay will depend on the amount of wages you pay to each employee. The formula used to calculate California payroll taxes is:

  • Wages paid to employees – The total amount paid in wages for each pay period. California tax laws require that you withhold income tax from this amount.  
  • California income tax withheld – The amount of income tax withheld from each employee’s wages.  
  • Federal tax withheld – The amount of federal payroll taxes withheld from each employee’s wages. 
Who pays California Payroll Taxes? 

Federal law requires that all employers in the U.S. withhold federal payroll taxes from employees’ paychecks. However, California law requires that you also withhold state income tax from your employees’ paychecks. This state income tax is collected by the state and deposited into an account held by the employees. If you’re an employer with employees working in California, you must withhold and pay both state and federal payroll taxes. This income tax is collected by the state and deposited into an account held by the employees. If you have employees working in California, but don’t have a business headquartered there, you don’t have to pay California payroll taxes. 

Which Calculation Is Used for Which Type of Payroll Tax? 

Federal payroll taxes are calculated using the same formula as California payroll taxes. However, the tax rates and brackets change slightly each year. This means that you need to make sure you’re paying the right amount of taxes. You should use a software program to help you track your payroll taxes. If your business has more than $500,000 in annual payroll, you should also consider hiring payroll taxes for your staff. 

Who pays Additional Payroll Tax in California? 

Every business in California is required to pay a gross receipts tax. This is paid on all business sales made in the state. Business owners in the state who have employees working in California who earn more than $400,000 annually may have to pay a gross receipts tax on top of the state’s regular payroll tax. This is an additional tax, called an excise tax, levied by the state. 

Conclusion 

California has a complex set of payroll tax laws, which can make it difficult for employers to stay on top of their tax obligations. However, these laws do impact your bottom line, so it’s important to stay abreast of the latest taxes and payroll tax rules. To stay compliant, you’ll need to track your employees’ earnings and withhold the appropriate amount of taxes from their paychecks. The good news is that payroll taxes are a source of revenue for the government, so they’re worth the hassle. 

If you need help with your payroll taxes in California, Peak Reliance has the necessary experience in organizing the finances. We have experienced and qualified tax experts to assist you. Check out our pricing plans or call us at +1 (718) 218-5558 for more information. 

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The Complete Guide to Payroll Taxes in Texas for 2022

Payroll Taxes in Texas in 2022

The Complete Guide to Payroll Taxes in Texas for 2022

November 29, 2022

Payroll Taxes in Texas in 2022

peakreliance

Accounting, Bookkeeping, Taxes

Payroll taxes are a major financial burden on many small businesses who are forced to take out large loans in order to fund expenses. However, the good news is that payroll tax season is almost over. The deadline for filing your 2022 taxes has passed, and now you can focus on other business matters such as developing a marketing strategy and hiring new employees. The following guide will provide you with everything you need to know about payroll taxes in Texas for the upcoming year. 

What is Payroll Tax Season? 

Payroll taxes are one of the biggest yearly expenses for many small business owners. You are required by law to pay these taxes when you take out an employee or contractor. However, they can also be filed by an employer-employee as well as a joint employer. Payroll taxes are calculated on a percentage of your total income, usually 40% or 50%. Some employers may be required to pay more than 50% of their income in payroll taxes. The IRS publishes a list of standard deductions and other income-based deductions that most people can use to reduce their taxable income. Moreover, many employers will also reimburse employees for some or all of their payroll taxes. These are known as self-employment taxes.

Where Do Payroll Taxes Come From? 

Most payroll taxes fall under the category of income taxes, including income tax, Social Security, and Medicare taxes. However, there are also a few payroll taxes that are paid by a trust fund or other government-issued bonds. These are known as employment and occupation-based taxes and are popular with local and state governments.  

How Texas Payroll Taxes Are Determined 

Payroll taxes are calculated based on a percentage of all income received by employees, including tips, wages, overtime, and other forms of compensation. Other taxes, including property taxes, sales taxes, and income taxes, are all calculated on a percentage of income as well as total assets. If the ratio of employee income to employer income is high, then employees may experience higher stress levels and be more likely to develop disorders such as cardiovascular disease, high blood pressure, and diabetes. 

What Are the Different Types of Payroll Taxes in Texas? 

There are three main types of payroll taxes in Texas: employment and occupation-based taxes, trust fund taxes, and income taxes.

Employment and Occupation-Based Taxes: These taxes are calculated on the number of employees and their respective wages or salary. These taxes are usually paid by the employer and apply to all employees, even if they work for less than 10 hours per week.

Trust Fund Taxes: These taxes are paid by a special fund managed by the IRS. They are calculated on the total amount of bonds issued by the state or local government in which the business is located. These taxes are meant to fund public works and other projects throughout the country.

Income Taxes: This is the main source of payroll taxes in Texas. It is calculated on the total income of the employer, including income from sources within and without the employee. The IRS publishes a list of standard deductions and other income-based deductions that most people can use to reduce their taxable income. These are known as standard deductions. Moreover, many employers will also reimburse employees for some or all of their payroll taxes. These are known as net operating losses (NOLs) and are generally carried forward to future years.  

The Bottom Line 

Payroll taxes are a major financial burden on many small businesses. You are required by law to pay these taxes when you take out an employee or contractor. However, they can also be filed by an employer-employee as well as a joint employer. The deadline for filing your 2022 taxes has passed, and now you can focus on other business matters such as developing a marketing strategy and hiring new employees. 

 

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Payroll Taxes, Payroll Taxes in Texas, Tax filing, Tax Season

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Do’s and Don’ts if You Haven’t Filed Taxes in Years

Do's and Don’ts if You Haven't Filed Taxes in Years

Do’s and Don’ts if You Haven’t Filed Taxes in Years

November 28, 2022

Do's and Don’ts if You Haven't Filed Taxes in Years

peakreliance

Accounting, Bookkeeping, Taxes

If you haven’t done a tax return in years, it could have serious repercussions and cost you money. You run the risk of forfeiting your right to a refund or owing the IRS hundreds of dollars in the form of taxes, fines, and interest.

Now, you legitimately have a tax problem.

Fortunately, you still have time to file past-due tax returns, which may help you fix some of these problems. And if you recruit a bit of help with the paperwork, it might be smoother than you’d expect. Below, we have listed some of the consequences of failing to file your taxes and some ways to present them in a timeline format for your convenience.

What will happen if you haven’t filed taxes for 10 years?

There are a few types of consequences to consider with the IRS when you haven’t filed tax returns.

IRS and Penalties

The IRS may initiate a lawsuit against you if you don’t file your taxes for a long period of time. This can entail putting a mortgage on your residence or having your assets seized. In some circumstances, you can also face criminal prosecution. It is ideal to contact a tax lawyer or other tax experts if you are concerned about any of these repercussions. With Peak Reliance and their highly qualified tax experts, you need not worry about that.

Every month your tax return is overdue, the IRS charges you a ‘failure to file’ penalty and a ‘failure to pay’ penalty totaling about 5% of the unpaid amount. However, the overall fees are limited to a maximum tax penalty of 25%, so luckily they won’t continue to rise indefinitely.

The IRS may decide to collect your salary or bank account to pay your tax debt if you haven’t filed taxes in a number of years. Wages or other sources of income may be taken as a result of this.

Additionally, the IRS may publish a notice of a federal tax lien, which may limit your future financial options. Your ability to obtain credit or take out loans may be restricted by an IRS tax lien. The government can now have a role in your transaction and will deduct the tax due from the proceeds of any sale, which can limit the amount of property/assets you can sell.

In the worst-case scenario, the IRS can impose a penalty of up to $250,000 in fines and up to five years in prison for deliberately failing to file taxes.

Other Penalties

You may have problems for a variety of additional reasons if you don’t file your taxes. You risk losing out on potential tax refunds as well as opportunities in your life where you must provide your most recent tax returns. You won’t have any tax returns to offer if you haven’t recently filed your taxes.

When you apply for a passport, for instance, you could be required to present your most recent tax records. When you apply for a mortgage, rent, or other loan, you’ll almost probably be required to provide your tax returns. When you apply for health insurance, you can also be asked for your most recent tax returns.

Your most recent federal income tax returns are also required if you are applying for financial aid on behalf of yourself or your child. Finally, the income you disclose on your tax returns is a factor in determining your retirement benefits, including Social Security and Medicare. Your future financial security may be at risk if you fail to file your tax return for several years.

The Way Out
Step 1 – Check your standing with the IRS.

The IRS frequently files a ‘Substitution for Return’ on your behalf if you fail to file your taxes. The IRS makes an estimate of what it believes you owe, but it ignores any exclusions or deductions.

The IRS will next notify you via tax notice CP3219N, often known as a ‘90-day letter’, of what it intends to file on your behalf. The IRS will submit the tax return it believes you are required to file if you don’t respond to the notice, at which point costs will start to accrue.

Step 2 – Decide if you want to pay or file your own returns

You can choose how to proceed if the IRS has filed substitute tax returns on your behalf. One choice is to just pay the tax and associated fees that the IRS estimates you owe. The IRS does give several tax relief alternatives, like an installment arrangement, if you are unable to pay the full amount due at once. This tax payment method is rather straightforward.

A tax levy will be resolved by paying the due taxes and fees, but you may not receive the tax documents you require for other purposes, such as obtaining a new mortgage loan. Additionally, you’ll probably pay more than necessary because there are no deductions on the IRS substitute filings.

You may spend far less and have the tax documents you may need for future financial decisions if you choose to file your own tax returns for the missing years.

Step 3 – Collect the numbers to complete your tax forms.

You’ll need to perform some forensic accounting to estimate your income and expenses over the years if your bookkeeping become a little sloppy during the last 10 years for which you had unfiled tax returns. If you want to outsource some of the work, a forensic accountant or a certified public accountant (CPA) can assist you with this.

·         Completing Records:

To be ready to submit, sort out all of the gaps and missing data in your financial records. To properly calculate your income and claim the most tax deductions and credits on your tax return, you need to accurately record your income and spending for each year.

·         Supporting Paperwork:

Your receipts and income statements will be included in your financial records, but keep hold of them and any further proof that may assist you to justify why you took so long to file your taxes. You might feel more at ease once you complete the clean-up procedure if you have documentation to back up your calculations and your delay.

Step 4 – File The Pending Tax Returns

You can mail the IRS your unfiled tax forms as soon as you obtain the necessary documentation because there is no deadline for doing so. Better yet, if you meet the requirements, you may still file a tax return up to three years beyond the filing date.

Keep in mind that submitting a company tax-return consists of two steps. The first step is to send the IRS the company tax forms. With the help of this form, you may formally file your taxes and inform the IRS about your income and outstanding debt.

Step 5 – Pay your taxes through whichever method

Paying the taxes you owe is the second step in filing the missing tax returns. You may easily pay your taxes with a bank draft or credit card. Of course, you will have a huge tax burden to deal with if you’re filing years’ worth of tax returns at once.

Fortunately, even though the due date has passed, the IRS is ready and able to deal with taxpayers who are unable to pay the entire amount owed in back taxes by the deadline. If you are unable to make the entire payment right away, there are various choices and installment plans you can choose from.

Some options include:

  • Setting up an installment or payment plan.

  • Pursuing an offer in compromise; a deal with the IRS to settle your tax debt for less than you owe.

  • Request a ‘Currently Not Collectible’ status to delay payment until you can afford to pay it.

  • Take out a loan to cover your tax debt.

Step 6 – Prepare for Future Taxes

Make sure the accounting software has been updated for future tax filings before you close it, after organizing your recently updated tax forms. Tracking income and spending and submitting taxes on time each year may be made simpler with a clear accounting system. Set up your company’s accounting system now to ensure that you won’t have to worry about tax problems with federal or state tax returns this year or in the future.

If you’re prepared to take on years of unfiled tax returns, you might need assistance going back over your accounting records, updating your income and spending, and making sure you’re not overpaying taxes. Peak Reliance has the necessary experience in organizing the finances. We have experienced and qualified tax experts to assist you in filing the missing returns. Check out our pricing plans  or call us at +1 (718) 218-5558 for more information.

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Estimated Taxes in Texas in 2022: How to Get Your Tax Return Done in the Most Efficient Way

Estimated Taxes in Texas in 2022: How to Get Your Tax Return Done in the Most Efficient Way

November 22, 2022

peakreliance

Accounting, Bookkeeping

With the passage of the new federal tax laws, the standard deduction has been doubled and individuals must now pay their state income taxes based on where they live. In other words, if you live in a high-tax state such as New York or California, you’ll likely owe more in taxes than under the old rules. You may also be able to deduct some of your state taxes from your federal return. Thanks to these changes, many people are now reassessing how much they spend each year on taxes and what services they can cut to lower their cost. If you’re one of those people looking to reduce your tax bill, this blog is for you! We’ll explain everything you need to know about Texas’s new tax laws in 2022 including how they will impact personal taxpayers and businesses. 

What is Estimated Taxes in Texas? 

Estimated taxes are taxes paid in advance of the actual tax return due date. This can be a good way to get your tax return done early if you live in a high-tax state such as New York or California. These states now tax residents on their income at a higher rate than before. In Texas, estimated taxes are due at the end of February, April, June, August, and October each year. Estimated taxes are commonly used by people who live in high-tax states like New York or California, who want to avoid receiving a large tax bill at the end of the year. Estimated taxes are also commonly used to pay early for a large expense like a new roof or car repair.   

How Much Does Texas Tax Earners Pay on an Estimated Tax Return? 

The average taxpayer in Texas pays about $2,115 on their annual estimated taxes. This amount can vary based on a number of factors including income, filing status, and even how quickly you get your return done. The amount you pay on your estimated taxes is based on your income and any deductions you claim on your tax return. For example, a married couple with two children earning $90,000 a year will likely pay roughly $2,115 on their annual estimated taxes.   

Who Pays Estimated Taxes in Texas? 

When it comes to paying estimated taxes in Texas, everyone is a potential taxpayer. This means that even people who don’t earn any money and don’t expect to have any income in the next year are required to pay estimated taxes. The only exceptions to this rule are people who are getting a specific type of government assistance such as the Earned Income Tax Credit. You can also exclude yourself from paying taxes if you are a sole proprietor or a partner in a partnership.   

The pros of paying estimated taxes 

  • Tax return is done a month earlier (this can be a good thing if you’re a high-tax state) 
  • Less chance of getting audited
  • Less chance of being audited if you pay early
  • You can spread out the cost
  • Low risk of your tax return being audited
  • Most people pay their taxes on time
  • You can estimate your taxes and reduce your risk of underpayment   

The cons of paying estimated taxes 

  • If you pay too much, you could end up owing more interest and penalties later on your federal and state tax returns.
  • If you don’t have enough money withheld from your paycheck, you’ll have to pay interest on that amount.
  • If you owe taxes and you’re due to pay them in October, you’ll have to extend your payment date.
  • There is a small chance that you’ll have your return audited.
  • You don’t get to take deductions on your taxes like you would on a regular return.
  • If you have to file an extension, it will take you longer to get your taxes done.   

How to Pay Estimated Taxes in Texas 

You can pay your estimated taxes by logging into your online tax account, going to your local tax office, or mailing your payment. You can also pay by check or money order. However, depending on your income, you may be able to get a lower percentage of your refund by paying this way. If you choose to pay by check or money order, you must do so by the tax due date. This can be tricky because the due date is different depending on the type of taxpayer you are.   

Which Year Should you pay Estimated Taxes in Texas? 

There are a few different ways to approach this question. You could pay estimated taxes in Texas for the year you earn the money, or you could pay for the year you spend the money. If you’re going to pay estimated taxes on your income from the year you earn it, estimate your taxes based on the new tax rates and pay your 2022 taxes in February 2023. If you’re going to spend the money from your tax return, we recommend estimating your taxes based on the current tax rate and paying them in 2023. 

Final words 

With the passage of the new federal tax laws, the standard deduction has been doubled and individuals must now pay their state income taxes based on where they live. In other words, if you live in a high-tax state such as New York or California, you’ll likely owe more in taxes than under the old rules. You may also be able to deduct some of your state taxes from your federal return. Texas is a relatively low-income state that doesn’t impose a great deal of taxes on its residents. That means your estimated taxes will likely be in the $2,000-$3,000 range based on your income. With that in mind, you may want to consider paying your estimated taxes in 2023 as this will save you from paying taxes on the money you don’t have to spend on something you don’t have. 

 

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Estimated Tax in California in 2022 – How to Prepare for Tax Season

Estimated Tax in California in 2022 - How to Prepare for Tax Season

Estimated Tax in California in 2022 – How to Prepare for Tax Season

November 16, 2022

Estimated Tax in California in 2022 - How to Prepare for Tax Season

peakreliance

Accounting, Bookkeeping, CPA

When’s the Tax season? How much tax do I owe? What should I do to save money? All of these questions will be answered by those who sweat cash during Tax season, April 15-22. Many people panic when they see the date “Tax Season” comes out of the year. They think they’re going to struggle making their payments or get into big debt. But nothing could be further from truth! Tax season is when businesses and individuals alike start paying attention to their tax returns and understanding how much they owe. The amount owed will vary from person to person based on what kind of return and tax calculations were performed, but in all cases it will be something to focus on during this time.

What is Tax Season? 

During tax season, members of the public, businesses, and organizations file their own tax returns. The income they earn, as well as the amounts they pay, are reported to the Internal Revenue Service. The IRS then issues a tax return report card to each taxpayer to help them understand where they stand with their tax obligations. 

Why is Tax Season a Good Time to Start Planning? 

Because tax season is typically the most time- consuming part of the year for taxpayers, it’s a great time to plan ahead and take steps toward saving money. While Planning is not required, it’s a good idea to have some kind of strategy in place. If you’re filing a tax return for the first time, it can be helpful to have an expert prepare your tax return for you. The person who prepares your tax return is known as an “ Auditor-in-Chief ”. An Auditor-in-Chief is an accountant, an attorney, an economist, a IRS special agent, and an accountant-supervisioning surgeon. The Auditor-in-Chief works for and is paid by the organization that hired the Auditor-in-Chief to prepare the organization’s tax return. If you hire an Auditor-in-Chief, they will prepare your tax return for a fee. The Auditor-in-Chief will also audit your return, meaning they’ll go over your returns and make sure you’re compliant with the law. Without an Auditor-in-Chief, you’re on your own when it comes to auditing your own tax return. 

The Fresh Start Provision 

One of the most important things you can do is request a “ Fresh Start ” with the IRS. The Fresh Start Provision allows you to start the process of getting your tax return Prepared for Filing. The Fresh Start Provision only applies if you’ve been audited by the IRS and want to start the process of resolving the issues with your tax return. If you want to start the Fresh Start process, the first step is to write a letter to the IRS explaining why you want a Fresh Start. You can find more information on the Fresh Start Provision in IRS Publication 519. 

How to Prepare for Tax Season 

Now that we’ve gone over what to expect during tax season, it’s time to get down to the nitty-gritty. The first and most important thing you can do is prepare yourself mentally. Remember, you’re not alone! There are millions of people who file tax returns and many of them have gone through this process before. Make sure you have the facts straight and know where you are legally as a taxpayer. It’s also a good idea to get a tax return preparer on retainer who can help you through the process and beyond. 

Bottom Line 

The best way to prepare for tax season is to make sure you know what your taxes are, where you’re legally required to pay them, and how much you’re obligated to pay. Once you know your answers to those questions, the rest will come easier. The information in this article is accurate and up-to-date as of the date of publication. The information is not intended as legal or tax advice. If you have specific questions about your situation, you should consult an accountant or tax lawyer. The information in this article is current as of the date of publication. The materials are not intended as tax advice or as a specific strategy to prepare for any given situation. The information is only meant as a guide. If you are interested in starting your own tax return, we recommend that you contact a tax attorney or your local IRS office for more information. The IRS does not accept unsolicited tax returns.  

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california, Estimated tax, Tax Season

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