The IRS encourages everyone to use the Tax Withholding Estimator to perform a “paycheck checkup.” This will help you make sure you have the right amount of tax withheld from your paycheck.
If you own a small business, it is important to understand the various types of taxes you need to deposit and report such as, federal income tax, social security and Medicare taxes and Federal Unemployment (FUTA) Tax.
Did you sell an asset (stock, bond, real estate) last year? You might owe the IRS Capital Gains Tax. Calculating Capital Gains on your own can be tricky. It is always recommended that you consult your financial professional and your CPA before filing your taxes.
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