Tag Archives: Safe Harbor Payments

Who Under Prepaid 2018 Taxes? IRS Tax Break?

Under Prepaid 2018 Taxes Happens for Many Reasons for an IRS Tax Break

It’s true, 2018 was an interesting year with tax reform going into affect. It is comforting to know there is the potential for an IRS tax break. And, there are many reasons for under prepaid 2018 taxes. The IRS requires taxpayers to pre-pay their taxes for any tax year. This is requirement is through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding. And, self-employed individuals and those with investment income by paying quarterly estimated payments. Continue reading

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