Owe taxes this year? Not sure what happened to your tax refund? Questions about owing taxes and receiving smaller tax refunds are very common this time of year. It may be helpful to understand that the amount of taxes owed and refunds are based on actual tax liability compared to tax withholding and/or quarterly estimated paid in throughout the year. Learn more about tax withholding and how they relate to your taxes.
Article: Why Do I Owe Taxes This Year?
About the Author:
Lauren Massie, CPA, EA, MBA is based in Raleigh, North Carolina. The primary focus of her CPA practice is income tax representation for individuals who need tax help with the IRS or the North Carolina Department of Revenue. She regularly assists clients with issues such as unfiled tax returns, back taxes, wage garnishments, bank levies, installment agreements, and the filing of an Offer in Compromise to settle tax debts. Have questions? Lauren can be reached directly at (919) 792-8511 or through this link.
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Lauren Massie, CPA, PLLC
8480 Honeycutt Road, Suite 200
Raleigh, NC 27615
Lauren Massie, CPA, PLLC is based in Raleigh, North Carolina and serves clients throughout the Greater Triangle Area including cities such as Wake Forest, Durham, Cary, Chapel Hill, Morrisville, Holly Springs, Fuquay-Varina, Clayton, Louisburg, Knightdale, Zebulon, Rolesville, Wendell, Hillsborough, Youngsville, Franklinton, Garner, Zebulon, Henderson, Franklinton, Holly Springs, Creedmoor, and Angier.