The September 15 Estimated Tax Payment: How Much You Really Owe, and How to Fix a Missed Year
See how a couple owing $11,567 in federal income tax for 2026 are only required to pay the IRS $4,700 before year’s end. Here is how the safe harbor rule for underpayment of federal taxes works.
Tax Torpedoes: How the Tax Man Can Getcha
Welcome to the launch of my new series on hidden tax traps—what many call “tax torpedoes.” Stealthy, often unexpected tax consequences that can suddenly, and significantly, inflate your tax bill. They’re especially common for retirees, but they can hit workers and business owners too.