Are you paying your fair share?

Tax policy often hinges on questions of fairness, in particular, are the wealthiest Americans paying enough in taxes compared to middle- or low-income earners. According to recent IRS statistics, high-income earners continue to pay a greater percentage of their income in taxes. Kiplinger reports that in 2012, the most recent year available, the top 1 […]

Be sure to stay on top of quarterly tax payments

To make sure that individuals pay their federal income taxes, the government requires that sufficient funds are withheld from salaries or else it mandates that the taxpayer pay an estimated withholding amount each quarter. Estimated tax payments are typically four equal payments that are normally paid on April 15, June 15, September 15 and January […]