IRS Waives Penalty for Many

The IRS has announced that it will be waiving the penalty for the underpayment of estimated tax for many taxpayers whose estimated tax payments and federal income tax withholdings came up short for the 2018 tax year. The underpayment penalty relief is intended to provide assistance to

Tax Withholding Adjustments

The tax reform legislation passed by Congress significantly changes the landscape for individuals effective January 1, 2018 and for several years thereafter. For many taxpayers, the changes made by the legislation present many tax planning challenges and opportunities. While the tax r