All itemizers are allowed to deduct payments of state and local income taxes made during the year, including estimated tax payments and withholdings. If you file an Iowa 2009 return, you get to deduct your federal payments made during 2009....
William Perez explains. Paul Neiffer explains how farmers can pass on estimated tax payments if they file their return and pay their tax by March 1....
One of the most common tax planning tricks is to pay in December taxes that are otherwise due in January and April. For income taxes, this is usually done by sending the taxes in as additional estimated payments. For property...
If you don't cover all of your taxes from withholding, remember to mail your second quarter tax payments today with Form 1040-ES. Trust payments are also due today, as are second quarter payments for calendar-year corporations....
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to