September 2024 Individual Due Dates
September 1 - 2024 Fall and 2025 Tax Planning
Tax Planning Contact this office to schedule a consultation appointment.
September 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer on IRS Form 4070 no later than September 10. Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient to cover the FICA and tax withholding, the employer will report the amount of the uncollected withholding in box 8 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.
September 16 - Estimated Tax Payment Due
The third installment of 2024 individual estimated taxes is due. Our tax system is a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-earn” requirement. These include:
Payroll withholding for employees;
Pension withholding for retirees; and
Estimated tax payments for self-employed individuals and those with other sources of income not covered by withholding.
When a taxpayer fails to prepay a safe harbor (minimum) amount, they can be subject to the underpayment penalty. This penalty is equal to the federal short-term rate plus 3 percentage points, and the penalty is computed on a quarter-by-quarter basis.
Federal tax law does provide ways to avoid the underpayment penalty. If the underpayment is less than $1,000 (the de minimis amount), no penalty is assessed. In addition, the law provides "safe harbor" prepayments. There are two safe harbors:
The first safe harbor is based on the tax owed in the current year. If your payments equal or exceed 90% of what is owed in the current year, you can escape a penalty.
The second safe harbor is based on the tax owed in the immediately preceding tax year. This safe harbor is generally 100% of the prior year’s tax liability. However, for taxpayers whose AGI exceeds $150,000 ($75,000 for married taxpayers filing separately), the prior year’s safe harbor is 110%.
Example: Suppose your tax for the year is $10,000 and your prepayments total $5,600. The result is that you owe an additional $4,400 on your tax return. To find out if you owe a penalty, see if you meet the first safe harbor exception. Since 90% of $10,000 is $9,000, your prepayments fell short of the mark. You can't avoid the penalty under this exception.
However, in the above example, the safe harbor may still apply. Assume your prior year’s tax was $5,000. Since you prepaid $5,600, which is greater than 110% of the prior year’s tax (110% = $5,500), you qualify for this safe harbor and can escape the penalty.
This example underscores the importance of making sure your prepayments are adequate, especially if you have a large increase in income. This is common when there is a large gain from the sale of stocks, sale of property, when large bonuses are paid, when a taxpayer retires, etc. Timely payment of each required estimated tax installment is also a requirement to meet the safe harbor exception to the penalty. If you have questions regarding your safe harbor estimates, please call this office as soon as possible.
CAUTION: Some state de minimis amounts and safe harbor estimate rules are different than those for the Federal estimates. Please call this office for particular state safe harbor rules.
Weekends & Holidays:
If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.
Disaster Area Extensions:
Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
Sign up for our newsletter.
Each month, we will send you a roundup of our latest blog content covering the tax and accounting tips & insights you need to know.
Trusted Tax Resolution Experts
Helping individuals and businesses resolve IRS tax debt with professional guidance and personalized solutions.
- Tax Resolution Specialists
- Experienced
- Client Support
- 24/7
- IRS Resolution Solutions
- Trusted
TAX RELIEF SERVICES
Personalized IRS Tax Solutions For Every Financial Situation
We help individuals and businesses resolve IRS tax debt through customized tax relief strategies, payment solutions, and professional representation.
“Tax Relief R Us helped me stop IRS collection notices and guided me through the entire resolution process professionally and confidentially.”
Why Clients Trust Tax Relief R Us
Our experienced tax professionals work closely with individuals and businesses to create personalized IRS tax resolution strategies based on each unique financial situation. We focus on reducing tax debt, stopping collection actions, and providing long-term guidance with clear communication throughout the entire process. From installment agreements and penalty relief to audit representation and wage garnishment support, our team is committed to helping clients regain financial stability with confidence and peace of mind.
✔ Experienced IRS Tax Resolution Specialists
✔ Personalized Tax Relief Strategies
✔ Confidential & Professional Support
✔ Fast Response For Urgent Tax Issues
What Our Clients Say About Working With Us
Victor I.
Omar A.
Jediah V.
Adrian A.
Jay P.
Bryan E.
YiRi E.
Sully G.
Jonathan A.
Jhoanna P.
Juan L.
giovanny C.
Rosa L.
Chris C.
Gabriel T.
Milady D.
Gordon G.
Alexa T.
Cristian G.
Felix G.
margy B.
Hon C.
Joel B.
Joel B.
Gaby M.
Daniela G.
Jose
DJ M.
Nancy P.
Chris S.
Shirley L.
Luan H.
Fayyaz S.
Moreno B.
Fabrizzio R.
luis T.
Carlos P.
kimberly S.
Yolanda F.
Joel M.
Guyadat R.
Yogesh K.
Andrea R.
Yesika C.
Anderson L.
Johan D.
Yemmy N.
Jorge C.
MARLENE D.
Marie D.
LALIT F.
Lalit P.
Gonzalez F.
Samie L.
Carmen V.
Gonzalez F.
Samie L.
Fausto D.
Julio G.
David C.
Keeks A.
Johanna M.
Julio G.
Deivy C.
Maria S.
Natalie E.
Elsie F.
Elsie O.
David O.
Ydelsa P.
Kevin S.
Ydelsa V.
Kevin T.
Aziz S.
Omi Y.
Marcos V.
Carlos C.
Robert C.
antonio C.
Marcos V.
Carlos R.
Robert L.
José D.
Noel B.
ESTEBAN B.
José C.
Leyda B.
Jose C.
Leyda B.
Genevir M.
Gens M.
Odalis R.
Denny G.
odalis C.
Denny G.
Nancy R.
Ydeliza G.
ivonne V.
Elvis R.
Jennyffer R.
Jennyffer R.
A R.
Mavelyn N.
carmen H.
Mavelyn N.
Noemi R.
Alejandra G.
Jose S.
Noemi R.
elizabeth P.
José S.
Juan O.
Jose D.
Maria G.
luis A.
Luis A.
Carlos M.
P A.
Francis B.
Brandon V.
Scarleth C.
Scarleth C.
Israel G.
Israel G.
jose S.
Leona B.
Linneth M.
Jose M.
yaima F.
Laura E.
Laura E.
Deborah S.
BZ D.
Francis B.
Vedalice C.
j R.
Maritza A.
Maritza A.
Jesús D.
Jesus M.
Mirtha C.
Carol C.
Mirtha C.
Carlos P.
Carlos P.
keisha S.
Keisha S.
kimberly S.
Elismar S.
Janice R.
Jolie-Anne B.
Jolie-Anne B.
Jesús M.
Jesús M.
Melody
Melody H.
Yaqueline M.
Juan O.
Juan O.
Jean F.
Denny M.
Jean F.
Denny S.
Jean L.
Jean L.
Xavier D.
Jenifer H.
wagner L.
Arianna A.
carlos E.
Arianna D.
Carlos E.
Mayra K.
Wagner L.
Ron L.
Ron L.
Dee K.
Anil S.
Karina S.
Sam E.
Matthew P.
Merlyn A.
Eri P.
Toribia P.
Nicole H.
Nicole H.
Gedeon L.
SAGRARIO R.
junior U.
Kasia D.
PheelcoEntertainment I.
Seba G.
Andrew R.
Genevier M.
Sra E.
Sra E.
Miranda J.
Miranda J.
Jean-Luc S.
Ronnie
Ron H.
Patrick P.
Lewuin C.
Arabella V.
Eri C.
Yesenia V.
Yesenia V.
Stacy J.
Mary74 P.
Maricela H.
Ray S.
Robert D.
ROBERT D.
Bellalina G.
Bellalina G.
Ydeliza G.
Natalia L.
Natalia L.
Cristal F.
Carmela A.
Alex C.
GILBERT R.
elias L.
Leidy H.
Joana U.
Joana U.
Reynaldo A.
Rey A.
Jose M.
Brenda V.
Elsy B.
Elsy B.
Henry O.
Henry O.
Susy O.
Engelbert F.
Kevin T.
Teddy A.
Suzette Z.
M A.
Niles T.
M. A.
Niles T.
Ideal B.
A B.
Uttama H.
Monica L.
wagner8mn L.
Hans V.
D L.
Gregory L.
Victor A.
Victor A.
Franklin B.
Wilson G.
Wilson G.
MAGALIE D.
maggy J.
Seba G.
seba G.
Gabriel H.
Ruthgina D.
CONDE R.
RICK C.
glexis S.
Glexis S.
Dwayne H.
Edwing H.
Ludys M.
Gregory P.
Gregory P.
roberto D.
Luis T.
Roberto D.
Genevier M.
Genevier M.
Kasia D.
Kasia M.
israel L.
Gedeon D.
Venise M.
Venise M.
Anthony M.
Ariel A.
Aminata S.
Ismael A.
Klr N.
ralph M.
ralph M.
Eridania C.
Eridania C.
Eridania C.
William G.
Emma C.
kareem C.
Sinaya J.
Sinaya J.
Alana A.
Daniel H.
Alana A.
Gerald C.
GERALD C.
Gerald C.
Shanika T.
Patrick P.
Kevin C.
Westley P.
Guillermo C.
GUILLERMO R.
Shanika T.
Alexandra N.
Jaqueline A.
LENNY S.
Frequently Asked Questions
How do I know if I qualify for tax relief? +
Eligibility depends on your financial situation, tax balance, income, expenses, and the type of IRS debt involved.
Can you help stop wage garnishments or bank levies? +
Yes. We help clients address IRS collection actions and explore available solutions to stop garnishments and levies.
What is an Offer In Compromise? +
An Offer In Compromise allows qualified taxpayers to settle IRS debt for less than the total amount owed.
Will my information be kept confidential? +
Yes. Client information and financial details are handled with strict confidentiality and professionalism.
How long does the tax resolution process take? +
The timeline depends on the complexity of the case and the selected resolution strategy.
Do you work with businesses and self-employed individuals? +
Yes. We provide tax resolution services for individuals, businesses, and self-employed professionals.
Speak With A Tax Relief Specialist
Whether you are facing IRS tax debt, wage garnishments, audits, or collection notices, our experienced tax professionals are here to help. Fill out the form below and receive a confidential consultation tailored to your financial situation.