• Don't Get Hit with IRS Underpayment Penalties

Don’t Get Hit with IRS Underpayment Penalties

Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments Safe Harbor Payments True Safe Harbor Under federal law, taxpayers must pay taxes during the year as they earn or receive income, or they can find themselves falling victim to substantial underpayment penalties. Even worse, they may have spent the money, and when tax time comes are unable to [...]

By |2023-05-02T22:59:48+00:00May 2, 2023|Taxes|Comments Off on Don’t Get Hit with IRS Underpayment Penalties
  • Do I need coverage for vacant land?

Is your vacant land covered?

Vacant land insurance is a type of liability coverage. Its sole purpose is to protect the owner's interests if anyone is hurt on the property or sues the owner for injuries. How do I insure a piece of land? The easiest way to add land insurance is through your homeowner's policy. If you own a home, you can typically extend your liability coverage to include your [...]

By |2023-05-01T22:55:38+00:00May 1, 2023|Insurance|Comments Off on Is your vacant land covered?
  • Roundup of Individual Tax Changes For 2023

Roundup of Individual Tax Changes For 2023

Article Highlights: Required Minimum Distributions (RMD) Excess Accumulation Penalty Military Spouse Retirement Plan Participation Clean Vehicle Credit Credit For Previously Owned Clean Vehicles Early Distribution Penalty Exceptions Credit For Energy Efficient Home Modifications Home Solar Energy Credit Credit For Small Employer Pension Plan Startup Costs Nanny Retirement Contributions Qualified Charitable Distributions Two recently passed pieces of tax legislation have brought about several tax changes [...]

By |2023-05-02T22:48:16+00:00May 1, 2023|Taxes|Comments Off on Roundup of Individual Tax Changes For 2023
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