Posted on Oct 7, 2011
Don’t let penalties for underpaid taxes increase your tax bill next April. Check the total you’ve paid in for 2011 through withholding and/or estimated taxes. If you’ve underpaid, consider adjusting your withholding for the final pay periods of 2011 or increasing your remaining quarterly estimate. If you employ household workers, be sure your calculations include the payroll taxes you’ll owe for them.