You are required to "pay-as-you-go", or pay taxes as you earn income throughout the year. If you receive income from self-employment income, retirement account transactions, or other scenarios, contact us to figure out your tax liability.

If you are expected to owe the IRS more than $1,000 when April comes, you are required to make quarterly estimated payments or face a quarterly estimated tax penalty. Each state has its own version of this rule, too.