IRS Guide to Withholding and Estimated Taxes

Pay As You Go so You Don’t Owe: A Guide to Withholding and Estimated Taxes
Taxes should be paid throughout the year, as income is received, to avoid large tax bills and penalty. Even with our pay-as-you-go system,  the number of taxpayers with tax underpayments increases year to year. Anika Pompey, with the IRS, addresses how you can avoid tax underpayments. 

Discussed in this workshop:

1. Adjustments to Tax Withholding

2. Estimated Tax Payments

3. The Tax Withholding Estimator Tool, and

4. Various Payment Options

 Presented by the Virginia SBDC and the Alexandria SBDC. 

Guest Speaker: Anika Pompey, Senior Stakeholder Liaison with the Internal Revenue Service (IRS)