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Tax planning more important than ever – estimated tax penalty 8%

As the interest rates for money market funds are over 5%, the estimated tax penalties that the tax authorities charge if no payment was made when due and other cases is around 8%. To avoid having to pay that extra 8%, then, taxpayers should: Make tax payments when due, especially estimated tax payments Review any

By |2024-05-04T20:14:26+00:00May 4th, 2024|Categories: Business, Individuals|Tags: , , , , |

Americans abroad – Deadline filing 2021 return (June 15)

The IRS IR-2022-112 reminds Americans abroad (US citizens and resident aliens abroad) that they must file the 2021 tax returns by June 15, 2022. The automatic extension of two months is granted to those living overseas (no even need to ask for an extension as far as your residence is abroad). You might be entitled

By |2022-06-03T18:40:58+00:00June 3rd, 2022|Categories: Individuals|Tags: , , , , , , |
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