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Showing posts from January, 2025

The postponement of tax filing and payment until Oct 2025

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Who is eligible for postponement of tax filing and payment until Oct 2025? Individuals Affected by California Fires with Payment due on April 15, 2025. Individual Affected by California Fires with estimated tax payments normally due on April 15, June 16, and Sept. 15, 2025. Calendar-year partnership Affected by California Fires with return normally due on March 17, 2025 Taxpayers with an IRS address record located in the disaster areas do not need to contact the agency to get this relief. Contact Taxeasy for Details now!

Online Tax Preparation and Bookkeeping

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Schedule Estimated Taxes Now! Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on the tax return. If the taxpayer does not pay enough through withholding or estimated tax payments, he or she may be charged a penalty. If the taxpayer does not pay enough by the due date of each payment period, he or she may be charged a penalty even if he or she is due a refund when the tax return is filed. The taxpayer does not have to pay estimated tax for the current year if he or she meets all three of the following conditions: The taxpayer had no tax liability for the prior year. The taxpayer was a U.S. citizen or resident for the whole year. The taxpayer’s prior tax year covered a 12-month period. Contact us today to get your taxes estimated!