Hey ,
As per my previous email, the IRS is charging 8% interest on estimated tax underpayments, up from 3% two years ago. This means that if you don't pay enough taxes throughout this year, you could face a hefty penalty on top of your tax bill next April.
What you must do.
If you have fluctuating or self-employment income, bonuses, equity compensation, interest, dividends, or capital gains, you may need to adjust your withholding or make estimated tax payments to avoid underpayment penalties.
Do this ASAP and pay estimated taxes for this year before it’s too late.
The IRS has a tax-withholding estimator that can help you calculate how much you should pay.
As your trusted tax advisor, I am here to help you stay on top of your tax payments and avoid any potential risks or penalties. I can assist you with the following services:
- Determine if you are subject to estimated tax payments and identify your tax liability
- Prepare and file your estimated tax payments to the IRS on your behalf
- Monitor and adjust your estimated tax payments as needed
- Provide you with a copy of your estimated tax payment vouchers and the confirmation receipts from the IRS
- Answer any questions or concerns you may have about estimated tax payments and underpayment penalties
If you are interested in these services, please let me know as soon as possible.
Please click the button below or call me at 202-618-1295 if you have any questions or want to proceed with me helping you pay estimated taxes and file tax returns.
I appreciate your business and look forward to hearing from you soon.
Ps. We offer this to our clieent for only $50 and free for bookkeeping clients.
