Jan 27, 2020
Daniel Schwenk joins Chris to talk about tax preparation and tips. Many people experienced large withholdings last year and asked for advice on how to remedy throughout the year. There is still time to set-up a SEP IRA, etc., to provide benefit for 2019 taxes. Mid-March is a good time to file as statements may be coming in until then, but filing can be amended if something substantial was missed. The higher number of exemptions on a W4 means less is taken out, so individuals may need to budget for additional amounts due at filing. The IRS and State have payment plans if needed. Visit www.capecodtaxes.com.