“It’s Mandatory For You To Pay Estimated Taxes From Now… On!”
It’s true!
Do you work for someone?
Do they snatch taxes out your paychecks?
If so, you’re most likely over-paying your taxes using the mandatory estimated tax system.
Many Americans over-pay their taxes, but they don’t realize it.Because these Americans are of the mindset which makes getting a big tax return a wonderful thing every year and have never question it…
When in the real world of financial matters you just overpaid tax all year and let you and your family live on less money than you had to, you put less money in to savings than you could have and you gained less interest than you should have, you paid down less bills than you should have, and you paid in more interest to debt than you should have all for getting a big return with no interest attached, because you used the Mandatory Estimated Tax System improperly.
Income tax collected at source
Internal Revenue Code: Sec. 3402 makes it mandatory to have taxes taken out your paycheck… EVERY PAYDAY!
This pay-as-you-go plan is the government’s way of “helping you out” so that you won’t be faced with a huge tax bill, come tax season. One problem with this plan is you don’t actually have a choice to refuse their help. You know the old… Godfather plan (an offer you can’t refuse)!
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- Godfather plan (an offer you can’t refuse)!
You see, every employer is required to withhold Federal income tax from employees’ wages or salaries…paid directly to the Treasury. State governments do the same. But this system makes it easy for the IRS to get you to send them extra money. Money which is yours, that you could be using through out the year to easy financial stresses.
However, the government hasn’t made it mandatory to over-pay your taxes. It’s is your responsibility to control over paying your taxes and managing your exemptions.
Taxes are the major stumbling block which prevents you from having more money for you and your family. When you don’t manage your exemptions correctly you could over pay your taxes by thousands dollars. Dollars that should be income for you.
Done correctly, an estimated tax calculation MAKES MORE MONEY available for your household!
Some families are able to gain thousands of dollars back in over paid taxes with very little effort when they do a paycheck analysis of the exemptions they are able to claim and lower their taxes.
The IRS has made it very convenient for you to pay estimated taxes…so convenient that maybe you never looked at the money coming out of your paycheck every payday as paying estimated taxes. So-much-so, that when you hear of someone the IRS has made pay estimated taxes, you think they’re doing something much different than what you’re actually doing. the main difference is you were not demanded to pay formally a predetermine amount.
However, they’re doing what we all should be doing…a paycheck analysis of your yearly income to pay the right amount in taxes and receive all your possible tax exemptions. Most people who do this type of estimated tax calculation do not over-pay their taxes when done correctly. It actually makes more money available to their household.
Many of us want the extra money you save from doing an estimated tax calculation. But most us will not do or are not able to do the worksheet section of our W 4′s plus the your next years tax projection and the calculations need to make everything work and not end up owing taxes.
But that has changed with the availability of our “Paycheck Analysis” system which can do an analysis for you and make all the adjust you need automatically saving you the hassle of doing one yourself.
In 2008, Uncle Sam (IRS) announced that an inflation adjustment will be available to give you some relief.
It states, “For 2008, personal exemptions and standard deductions will rise, tax brackets will widen and workers will be able to save more for retirement, thanks to inflation adjustments announced today, by the Internal Revenue Service”.
This helps, but to take full advantage of these tax changes, you will still need to do a tax
analysis calculation, and start and/or maximize your retirement program.
Why retirement programs?
You can receive some tremendous taxes exemptions by using a 403(b) or a 401(k) to lower your taxable income. People who have used the Paycheck Analysis have found their able to adjust their withholding’s so they still come home with the same amount of money even after they put money in their retirement plan just by doing a paycheck analysis, using the Paycheck Analysis system.
The Internal Revenue Service Says “It’s LEGAL!”
Calm down. It’s legal to adjust your with holdings during the year. You can even claim 100 people or more if you know what your doing or if done right by professional who knows how, when, and under what conditions to do it.
Did you know you could stop paying taxes during the year altogether and not face any penalties or adverse tax consequences? This is made possible when you do a paycheck analysis.
It tells when you will or when you have paid the right amount of taxes for the year.
Yes if you know the amount of money you’ll make for the coming year and have access to next years tax brackets and tables like us then you could figure out how much you’ll owe in taxes pay it and not pay any more taxes for that year. We do this calculation for you when you do a paycheck analysis so your family can have more money from week to week through out the year.
The tax money you now have as income can be used to pay down a loan, save for a vacation, and much, much more.
Or, if you’re retirement conscious, add this money to your retirement program. The bottom line is, this money is yours to do whatever you want.
Here’s how I can help you use tax exemptions to pay your retirement plan premium…
Getting to the money is where I make it easy. Tax analysis are challenging but I’ve been doing them since 2001 and I’ll do one for you. You’ll know exactly how much you’ll have available to work with and I will explain every step along the way to maximizing your income and to stop overpaying your taxes.
If you’re interested in getting the most money back possible from the IRS, I’m here to help.
I guaranteed my “Paycheck Analysis System” against taking too much away from your withholding’s or giving to much to income tax.
It is True
It’s mandatory for you to pay estimated taxes; BUT, there are ways to control the amount you pay… it’s easy to make the changes once the paycheck analysis is completed…and any California resident is free to have one prepared many times at no charge.
Allen Stewart
(559) 307-6013
CA Tax Preparer License Number. CTEC A108115
CA Insurance Agent License number. 0B96340
(California insurance laws prohibits anyone not in possession of a current California state license to discuss or being involved in insurance matters without obtaining a California Insurance License)
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This multi-year, double-digit bonus worked for my client in Parlier. It worked my clients in Salinas. And I am sure it will work for you if you try it.
If you want details on how to get your bonus going, call
For questions or to set up a FREE appointment use the contact form below
-Allen Stewart