IRS Trouble Solvers - May 2023

S CORP, C CO ALL YOU NEED TO KNOW ABOU

If you’re tired of playing Catan every family board game night, we have good news: There are brand-new games in town! Consider adding these three options to your family’s stash. Wavelength Not only is this game perfect for playing with your whole family (ages 5 and up), but it also actively encourages conversation! Up to 12 players can split into teams and use hints from their peers to guess their teammates’ opinions on various topics. The issues can range from the merit of hit movies to “Where, on the scale of wet to dry, is spaghetti?” The New York Times’ Wirecutter ranked Wavelength among the best board games of 2022 and recommended it to fans of other interactive, team-based guessing games like Codenames. Steam Up: A Feast of Dim Sum Who doesn’t love a food-themed board game? This fun, fast-paced game for 2–5 players, ages 14 and up, comes with a Lazy Susan filled with dim sum ingredients. You play as a Zodiac animal and aim to collect more dim sum than any other players. Instead of fortune cookies, fortune cards help determine your luck! “If you’re looking for a fresh new party game in 2023, Steam Up looks like a real tabletop joy,” GamesHub reports. Steam Up was launched on Kickstarter and, as we write this, is available for preorder and expected to ship soon. Small World Kids ages 8 and up will love this board game, especially if they’re “Lord of the Rings” fans. As Wirecutter explains, “Imagine a game of Risk set in Middle-earth that didn’t take as long to play as rewatching all of the ‘Lord of the Rings’ films would. That’s pretty much the experience of Small World, an area-control game filled with elves, dwarves, and halflings, among others.” When you sit down to play, you choose a band of magical creatures and a power, then set up your “empire” and battle the other players for land and gold. At the end of 60–80 minutes of strategizing, the richest player wins the game. LEVEL UP YOUR NEXT FAMILY GAME NIGHT Impress Your Kids With These Fresh Choices

How They Work and When to Pay

Now that tax season is over, estimated tax payments are a hot topic! This time last year, we shared this information with you, but we find it so valuable that we’d like to remind you again! Typically, your taxes are taken out automatically, usually on a “pay-as- you-go” schedule. Your tax withholding is indicated on your federal taxes W-4 form, which you fill out upon hire with your employer, and every two weeks or month, before you even get your hands on your paycheck, the taxes are taken out. If things are done correctly, you should wind up not owing anything or, even better, receiving a refund when tax season rolls around. This practice ensures you have the cash to pay the necessary tax right away. If the government waited until Tax Day in April to collect the necessary tax, many taxpayers would not be able to pay the correct amount because they probably would have spent it already. It’s an easier system for everyone. If you are

a W-2 employee, your taxes are taken out for you, but if you are paid differently, the responsibility may be on you to pay quarterly.

But what happens if you aren’t able to pay your estimated tax payments?

If you aren’t able to make your estimated tax payments or you underpay

Salmon Croquettes With Dill Sauce Inspired by Epicurious.com

If any of these games catch your eye, head to your local game store and ask if they’re available, or jump online to snag them yourself!

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