Lower My Tax Now Blog

Should You Make Estimated Tax Payments?

Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.

If you’re required to make quarterly estimated tax payments this year, the first one is due as the same date of the tax filing deadline.

Failing to pay estimates, or not paying enough, may lead to penalties. Here are three things…

Should I donate a vacant land that went down in value?

Here’s a tax question, I got from one of my clients:

Should I donate a vacant land that went down in value?

Here are the facts of the case:
Client bought a vacant land in Florida 10 years ago for $35,000. It’s now worth $5K.

She is feeling charitable and would…

Is It Advisable For My Kid To Fund a Roth IRA?

Here’s a tax question, I got from one of my clients:
If my kid works part-time, do you recommend funding a Roth IRA?
Hey, that is great question! And it deserves a great answer. Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.
If you have a kid who works part-time,…

3 Tax Scams That You Need To Watch Out For

3 Tax Scams That You Need To Watch Out For
Have you been a victim of a tax scam? No? Well, that’s great!
Did you know that during tax time, tax scams usually go up.
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.
Today, you will learn 3 tax scams…