Can the IRS make me adjust my withholding amount on my paycheck?
- David Greene
- Comments Off on Can the IRS make me adjust my withholding amount on my paycheck?
Yes, they can but sometimes you should voluntarily make that adjustment yourself. It is a common issue among our clients that they do not have enough taxes withheld from their paycheck. When you work as an employee, you fill out…
I owed more than $3,000 additional tax on my return this year and didn’t have the money to pay. How can I prevent that from happening next year?
- David Greene
- Comments Off on I owed more than $3,000 additional tax on my return this year and didn’t have the money to pay. How can I prevent that from happening next year?
This is a good question, but I wish you had asked that question closer to April 15. If you owe more than $1,000 in additional tax on April 15, then, according to the IRS rules, you must make Estimated Tax…