With the busy holiday season quickly approaching, now is a good time to begin getting everything in order to prepare for your 2012 tax return. Hopefully you’ve been making estimated tax payments throughout the year if you are a taxpayer that is required to do so. If not, you will likely be subjected to interest and penalties from the IRS. Fourth quarter estimated tax payments are due January 15, 2013. For those that have failed to make their estimated tax payments throughout the year, it is important to at least make an estimated payment for the fourth quarter to reduce your potential interest and penalty liability.
Allen Barron, Inc. can help both business and individual taxpayers get prepared for their 2012 return. Whether it is getting your accounting in order, figuring out what your estimated tax payment should be, or simply making sure that you have all of your necessary documentation ready, Allen Barron, Inc. is here to help.
For current clients, it is of utmost importance that you are prepared for your 2012 tax returns. You will begin receiving engagement letters in early January for the 2012 tax season. The earlier you are able to send in documentation for your 2012 returns, the quicker you will be able to put your 2012 taxes behind you. While we will always provide superior service for each client’s return, this task is completed much more efficiently when we receive documents earlier in the tax season. Waiting until the last minute is never a good idea, especially when it comes to taxes. Help us help you by getting your documents to us as early as possible.
An Alternative Payment Method
Consider using www.officialpayments.com when making your estimated tax payments. We have found this site to be extremely easy to use, and the staff to be very helpful and easy to work with. Not only can one make payments to the IRS on this website, it can be utilized to make payments to state and local governments, as well as higher education institutions. It truly is a “one-stop shop” for payments to public institutions at all levels.
Payments can even be made on a credit card, so one can get “credit card rewards” when making tax payments. However, one must consider the 2.3% fee charged per transaction on the website, though we believe the convenience of this website makes the fee well worth it.
For assistance with preparing for your 2012 taxes, or any other tax/accounting needs you or your business may have, please give us a call at 866-631-3470 to schedule a complimentary, initial consultation with one of our tax or legal professionals.