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:
Adjustments to Tax Withholding
Estimated Tax Payments
The Tax Withholding Estimator Tool, and
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)