Estimated Taxes

The IRS wants you to pay your share of taxes as you earn your money. For individuals whose total tax obligation is more than $1,000, they must pay at least 90% of their taxes to avoid possible penalties and interest. To learn how to pay this obligation through withholding or estimated payments, read this C.P.A. Insight.

Are You Holding Worthless Securities?

If you have had the unfortunate experience of watching one of your securities investments plummet to worthlessness, you may be eligible for a tax deduction. However, the IRS has a strict definition of "worthless." For more information on what qualifies a stock to be worthless and how a taxpayer can take advantage of a loss of a stock that has a miniscule amount of value, read this C.P.A. Insight.

A History of Taxes

Of the two sure things in life, death and taxes, you might be surprised to know taxes have nearly an equally lengthy history. The United States was founded in large part to avoid taxes; however, once the Constitution gave Congress the authority to tax in 1789, citizens have weathered scores of changes. For more on the history of U.S. taxation, read this C.P.A.Insight.

“We Have Moved”—Did You Tell the IRS?

In the event that you move, you are required to inform the IRS of your new address and contact information so that they can update it in their files. If you fail to do so, any vital information regarding your taxes that is sent to your "last known address" is legally effective, even if you never received it. For more information about the steps to take to keep your information up-to-date with the IRS, read this C.P.A Insight.

"We Have Moved"—Did You Tell the IRS?

In the event that you move, you are required to inform the IRS of your new address and contact information so that they can update it in their files. If you fail to do so, any vital information regarding your taxes that is sent to your "last known address" is legally effective, even if you never received it. For more information about the steps to take to keep your information up-to-date with the IRS, read this C.P.A Insight.

New Year’s Resolutions that Save You Money

New Year’s Resolutions not only give you goals to aim for throughout the year, but they can also save you money in the process. By spending more time with family and friends, living a healthier life and helping others, your chances of living a more enjoyable life are increased. For more information about some of the most common New Year’s Resolutions and a little financial insight regarding them, read this C.P.A Insight.