Increased Tax Rates

Are you aware that for 2013 tax rates have significantly increased. If you are one of the lucky people earning $250,000 or more, you need to be cognizant of the thresholds of income earned as well as investment income you receive.   The IRS maintains the position that ignorance is not reasonable cause to abate penalties.  If you do not have enough withholding to cover your taxes and/or estimates paid in, you could be facing substantial underpayment penalties come April 15, 2014. 

Posted in Things You Need To Know

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