Tax Tips & More

Taxes Blake Briscoe Taxes Blake Briscoe

Got IRS Penalties? Know the Rules, Pay Nothing

The IRS often imposes steep penalties for filing tax returns late, failing to pay taxes on time, or not depositing employment taxes correctly. However, several strategies can help you get those penalties removed—and in some cases, even refunded if you have already paid them.

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Best Practices

Best Practices When E-Filing Returns

Avoid future problems by following these best practices for e-filing.

Mistakes

Common Mistakes in Tax Preparation

Avoid errors that can occur when preparing tax returns by learning these common mistakes.

Audit

What Are Your Chances of Being Audited?

These red flags could increase your chances of the IRS selecting your return for audit.

November 2024 Tax Due Dates

  • November 12: Tips for October 2024 reported to employer

December 2024 Tax Due Dates

  • December 10: Tips for November 2024 Reported to Employer (Form 4070)

  • December 31: Contribution to employer-sponsored retirement plan for 2024 (401(k), 403(b), 457 or federal thrift savings plans)

  • December 31: Required minimum distribution (RMD) by individuals who are 74 or older at the end of 2024

January 2025 Tax Due Dates

  • January 10: Tips for December 2024 reported to employer

  • January 16: Estimated tax payment for 4th quarter of 2024

  • January 16: Farmers and fishermen pay estimated tax for 2024

  • January 31: Deadline to file and pay 2024 taxes in full if not making an estimated tax payment in January