by Madelyne Cromwell | Jan 16, 2019 | Penalty Waiver, Withholding Changes
IR-2019-03, January 16, 2019 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the...
by Madelyne Cromwell | May 21, 2018 | Withholding Changes
If you work a seasonal or part-year job, a “paycheck checkup” can help make sure your employer is withholding the right amount of tax from your paycheck for your situation. A “paycheck checkup” is important after changes from the Tax Cuts and Jobs Act. Taxpayers can...
by Madelyne Cromwell | May 21, 2018 | Withholding Changes
People who’ve itemized deductions on past tax returns should do a “paycheck checkup” by contacting their Enrolled Agent or using the updated IRS Withholding Calculator. This is especially important due to tax law changes from the Tax Cuts and Jobs Act, such as: A cap...
