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Last Tax Season Was a Mess. Now’s Time to Prepare for This One.

Source: https://nytimes.com/2019/12/06/your-money/taxes/income-tax-2019-tip.html - Dec 9, 2019

The first tax season under the Republican-sponsored overhaul brought an odd combination of pleasant and unpleasant surprises: lower tax burdens, but also lower refunds — and, for some, an unexpected bill.

Anyone who didn’t take a proactive approach after getting a big tax bill last time around could end up in that situation again, only worse: That filer is more likely to have to pay a penalty.

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Category: General Business