Estimated Tax Payments: What Happens If You Miss a Quarter 

Estimated Tax Payments: What Happens If You Miss a Quarter 

Key Takeaways Missing a quarterly estimated tax payment triggers IRS underpayment penalties and daily compounding interest until the balance is paid.  Each quarter is treated separately; paying extra later doesn’t...

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How Do Newlyweds File Taxes?

How Do Newlyweds File Taxes?

Key Takeaways  Newlyweds should promptly update their name and address with the Social Security Administration and IRS to prevent refund delays or filing errors.  Adjusting Form W-4 after marriage ensures...

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How the IRS Finds Out About Your Assets 

How the IRS Finds Out About Your Assets 

Key Takeaways  The IRS learns about your income and assets through third-party reporting, including W-2s, 1099s, mortgage records, and brokerage statements.  Public records, such as property deeds, vehicle registrations, and...

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