Tax Payments | TaxConnections

14 Jul 2020

Why You Should Consider A Portfolio Line Of Credit At Tax Time

Few people look forward to filing their tax returns – especially if you owe the IRS money and aren’t sure where you’ll get the cash. If you find yourself in this position, you might wonder if you should borrow the money or sell some of your investments. Wealthfront’s Portfolio Line of Credit (which is available to all Wealthfront clients with at least $25,000 in their taxable Investment Account) is a great option when you need cash quickly and don’t want to sell your investments.

With a Portfolio Line of Credit, you can quickly and easily borrow up to 30% of the value of your Investment Account without disrupting your investing strategy. It also comes with an interest rate that’s much lower than what traditional banks offer on loans, and you can pay it back on your own schedule. We recommend using it as a bridge between paychecks or even jobs when you don’t have the money you need now, but you will soon.

Our Portfolio Line of Credit is especially popular at tax time. Here, we’ll look at why it’s such a valuable tool.
Read More

Written by Kat Jennings | Posted in Line Of Credit

18 Dec 2017

All Of Georgia Now Eligible For Disaster Tax Relief

Hurricane Irma victims in the entire state of Georgia now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.

This includes an additional filing extension for taxpayers with valid extensions that run out on Oct. 16, and businesses with extensions that ran out on Sept. 15. It parallels relief previously granted to Irma victims throughout Florida and in parts of Puerto Rico and the Virgin Islands, and Harvey victims in parts of Texas.

For taxpayers in Georgia, this relief postpones various tax filing and payment deadlines that occurred starting on Sept. 7, 2017. As a result, affected individuals and businesses will have until Jan. 31, 2018, to file returns and pay any taxes that were originally due during this period. Read More

Written by Lisa Henry | Posted in Disaster Tax Relief • TaxConnections

22 Apr 2016

Oh Thank Heaven For The IRS!

I remember the old jingle for 7-Eleven that sang “Oh thank heaven for 7-Eleven!” Well, now we can add the tax collecting IRS to that jingle. Oh, thank heaven for 7-Eleven and the IRS!

Believe it or not, you can now pay your taxes at that convenience store in 34 states. And, you can even make those payments in cash!

According to a recent announcement from the IRS, “Individual Read More

Written by Barry Fowler | Posted in IRS

04 Jan 2016

Important Tax Dates and Tax Payments, Tax Season Begins (January 2016)

Individual Due Dates

January 4 – Time to Call For Your Tax Appointment –

January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you do so before the calendar becomes too crowded.

January 11 – Report Tips to Employer –

If you are an employee who works for tips and received more than $20 in tips during December, you are required to report them to your employer on IRS Form 4070 no later than January 11.

January 15 – Individual Estimated Tax Payment Due –

It’s time to make your fourth quarter estimated tax installment payment for the 2015 tax year.