ConnollySteeleAug 17, 20222 minAn “innocent spouse” may be able to escape tax liabilityWhen a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s...
ConnollySteeleAug 10, 20223 minEstimated tax payments: Who owes them and when is the next one due?If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This...
ConnollySteeleAug 2, 20222 minIs your withholding adequate? Here’s how to checkWhen you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so...
ConnollySteeleJul 27, 20222 minHow to avoid the early withdrawal tax penalty on IRA distributionsWhen you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early...