Mid-Year Tax Planning Strategies Tax season is over. If you’re like most people, you’re mentally checking out of anything tax-related until next year. That’s a mistake. Whether you’re a W2 employee, business owner, or are dipping your toes into the side gig space, mid-year is the ideal time to: Review your upcoming obligations Examine expected cash flows Make adjustments or corrections to avoid compliance issues In this blog, we’re breaking down the mid-year tax strategies i

Everyone in the US has to pay taxes each April. But you might be one of the lucky people who get to pay them every four months as well. Whether you're aware of it or not, your employment or withholding situation may require you to file quarterly tax returns and pay an estimated amount based on your income. Before you miss a deadline, you need to know: If you’re required to file quarterly estimated taxes, and by when How to calculate what you owe The penalties for not filing

You hit submit on your tax return, breathe a sigh of relief…and then see a statement come through the mail that would’ve given you a pretty nice deduction. What now? It’s not like you can call up the IRS with a quick “one last thing” message, right? Let us introduce you to Form 1040-X—otherwise known as the way you can amend your tax return post-filing. Plenty of taxpayers file amendments every year, and you can too, if you discover new information after you submit your retu