April 2023 Newsletter

Hello Tax Season!

What Should I Do If I Owe Taxes? 

The fear of owing the IRS is real. However, this government agency will generally allow you to set up a payment plan if you cannot pay the full amount. Also, they do charge interest equal to the federal short-term rate plus three percent. Additionally, the IRS invokes penalties based on the amount owed. Be aware; they do frown upon multiple years of owing taxes and usually want you to figure it out by next year's tax time. The IRS does offer special long-term payment plans for those with higher tax bills.

Important Dates

Tuesday, April 18th

- Due date for the first 2023 estimated quarterly payments

- Federal tax filing deadline for Individual tax returns

Monday, May 15th

- Texas Franchise Tax Report Due

2023 Tax Planning Meetings Available from May - January!

Don't wait to discuss tax planning for future returns. Tax planning is an ongoing, proactive, strategic plan that will help you make the most of your tax write-offs and deductions. Your talented tax planner will help you put together a long-term tactic for reducing your taxable income and deferring taxes until a later date. Tax planning is a legal way for taxpayers to use tax law to their advantage. Tax strategists know and understand the importance of planning for future tax savings. 

After Hours Drop Off Box has been relocated!

Need to drop off documents after hours? Our drop box is now located on the parking lot entrance in the brick structure with mailboxes.

WARNING:

Be sure to put your items in DROP BOX not MAILBOX!

Make sure documents have your name & contact information.

Tax Season Office Hours:

Monday - Friday: 8:00am - 5:00pm

Saturday: 9:00am - 1:00pm