How long to maintain tax records?

maintain tax records

  The tax season is past us, and a common question put forth by most of our clients is “How long do I need to maintain tax records ie, copies of my tax return and affiliated records?” In most cases, taxpayers need to keep copies of their tax returns, and all return-related substantiating documents until […]

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Penalty for underpayment of estimated tax

penalty for underpayment of estimated tax

  The United States income tax is a pay-as-you-go tax, which means that tax must be paid as you earn or receive your income during the year. You can either do this through withholding or by making estimated tax payments. If you do not pay your tax through withholding or do not pay enough tax […]

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