Many clients grumble if they owe taxes at the end of the year. Now is a good time to do a quick mid-year checkup to see if you are having enough taxes paid in through withholding or quarterly payments. Here’s a link to an IRS publication that discusses the issue. If you need assistance in this area, we are here to help.
Upon written request from the chairman of the Committee on Ways and Means of the House of Representatives, the chairman of the Committee on Finance of the Senate, or the chairman of the Joint Committee on Taxation, the Secretary shall furnish such committee with any return or return information specified in such request, except that any return or return information which can be associated with, or otherwise identify, directly or indirectly, a particular taxpayer shall be furnished to such committee only when sitting in closed executive session unless such taxpayer otherwise consents in writing to such disclosure.