Estimated Taxes

Navigating Home Sales and Tax Implications in 2024

As the summer season ends, the real estate market often sees a surge in activity, with many homeowners deciding it’s the perfect time to sell. For those looking to move,… Read More »Navigating Home Sales and Tax Implications in 2024

Navigating the Maze of Estimated Taxes: A Guide to Avoiding the Underpayment Penalty

by Nick Grantham, CPA
Estimated Taxes, Penalties, Property Tax, Uncategorized

Paying taxes is an inevitable part of business and personal finance, but what happens when you accidentally underpay? This article delves into the complexities of underpaying estimated taxes, exploring the penalties involved, how to avoid them, and what to do if you find yourself in a bind.