The United States employs a “pay as you go” tax system, requiring individuals and corporations to make regular payments to the IRS throughout the year based on their income. Failure to meet these obligations may result in an estimated tax penalty, a non-deductible interest charged on the underpaid amount for each quarter. This article explores… Read More
If you are running a small business, you have one unwanted partner that will dig into your pocket every year, it’s the IRS. The IRS wants to know what you are doing, how much you are earning and most importantly how much you are paying in taxes, and the tax agency is becoming increasingly aggressive… Read More