February 14th, 2025 by WCBC Radio

Tax season is fully underway and Joe Mullenax of Allegany Business Consulting shared his expertise regarding paying estimated taxes if one believes he or she will owe at the end of the year.  Mullenax said the IRS is not friendly toward huge sums to be paid in mid-April.  Mullenax said that If you owe more than $2500 every year they’ll come back and say because of this you’re going to be charged interest.  Mullenax added that paying estimated taxes can be done various ways.