Avoid IRS Penalties: Understand the Safe Harbor Rule

An illustrated doctor sails a small boat through rough waters toward a safe harbor, guided by a lighthouse. A CPA figure stands at the harbor holding a lantern. The boat sails are blank, and the lighthouse has no visible head figure.

Staying ahead of IRS penalties doesn’t have to feel like a guessing game. Especially if you’re a high-income earner, 1099 contractor, or small business owner. One overlooked but powerful protection? The Safe Harbor Rule. Let’s break it down and see how tax advisors help you use it to your advantage. What Is the Safe Harbor…

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