IRS Problem Solvers

Avoid IRS Penalties With These Tips

Penalties and interest from the IRS await if you underpay your tax obligation throughout the year. With the 2023 first-quarter estimated tax payment due date of April 18th getting closer, here are some tips to help you avoid giving any more money to the IRS than you need to in 2023:

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Get receipts for your deductible contributions. Receipts are not filed with your tax return but must be kept with your tax records. You must get the receipt at the time of the donation or the IRS may not allow the deduction.

Have more questions? Feel free to reach out.

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