Update your W-4 to adjust your withholding

Did you receive a big tax refund or owe the IRS a lot of money for 2015? Then it’s time to update the form that tells your employer how to calculate your federal income tax withholding. That’s Form W-4, Employee’s Withholding Allowance Certificate,...

Four Different IRS Tax Problems And How To Solve Them

How you should treat your IRS tax problem depends on which type it is. There are an almost endless number of variables that could require different actions.  And therefore, it is important to consult with someone who is familiar with your particular scenario. However,...

Should you make estimated tax payments?

If you’re required to make quarterly estimated tax payments this year, the first one is due on the same day as your federal income tax return. Failing to pay estimates, or not paying enough, may lead to penalties. Here’s what to consider. Do you need to...

Two Common Questions Concerning Tax Relief

How much tax could I save in the best case scenario? In the best case scenario, a taxpayer might qualify for an Offer in Compromise.  This means that a very significant amount of your tax debt could be forgiven – of course assuming the IRS accepts your offer....

Lack of diversification makes for risky business

Is your business adequately diversified? Relying on too few customers, vendors, or key employees can leave you open to risks that can be catastrophic. Here’s what to consider. Customers. Do you depend on just a few customers for the majority of your sales? What...

Teach your children this vital skill

Financial literacy is a vital skill in today’s world. Will your children be able to handle their finances when they became adults? Here are tips to help ensure the answer is yes. Shave spending. Take the weekly allowance to the next level by helping your child...
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