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tax question

Discussion in 'Members' Lounge' started by Dustin_m, May 15, 2006.

  1. Dustin_m

    Dustin_m Active Member

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    yea, umm what happens if i forgot to pay them? :ph34r: can i do it now? i owed like 300, anyone have an idea what the fees are if they are late?

    don't ask why, i was just stupid and forgot. i waited till the last day, then had a problem with having it taken out of my account, so they rejected them. then i forgot to call the IRS ans sort it out.
     
  2. VTECin5th

    VTECin5th Administrator

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    Just file them together next year (and have more withheld this year) and let them cancel each other out :ph34r:
     
  3. jeffie7

    jeffie7 Wrong Whole! VIP

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    The IRS holds your taxes all year long, you charge them 0% APR on the money they hold.
    however after tax dday, you will get charged x many % on any money you havnt paid the IRA back on.

    Pay your taxes ASAP!!!!
     
  4. Dustin_m

    Dustin_m Active Member

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    so the faster i pay it, the less penalties?
     
  5. pissedoffsol

    pissedoffsol RETIRED

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    every day is like $5 or some shit. pay it now.
     
  6. reckedracing

    reckedracing TTIWWOP VIP

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    yes, the faster you pay the less penalties and interest it will be (obviously)

    if your return was actually REJECTED by the IRS you can still attempt to get the fees and penalties waved because the return was filed in a timely matter but it was rejected

    do you have any paperwork on the rejection?
     
  7. Dustin_m

    Dustin_m Active Member

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    yea i got it
     
  8. reckedracing

    reckedracing TTIWWOP VIP

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    so scan it and let me take a look at it
     
  9. Dustin_m

    Dustin_m Active Member

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    i gotta get some sleep right now, im fuckin tired. i'll do it this afternonn, cool?
     
  10. reckedracing

    reckedracing TTIWWOP VIP

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    sure, i'll be here till 5
     
  11. ludegirl

    ludegirl Senior Member

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    I'm pretty sure you can get an automatic extention until August 15 and its not hard to get a further extention until October 15. Just don't pull a Richard Hatch...

    http://msnbc.msn.com/id/12818163/


    I'm taking a tax class, so I checked the book and that's what it says. (I just got an A on my tax midterm, YAY!)
     
  12. reckedracing

    reckedracing TTIWWOP VIP

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    ah grasshopper, not so fast

    IRS is using a standard(automatic) 6 month extension this year, no more first and second
    and the 4868 is only valid if its filed in a timely matter, so filing an extension at this point will do you no good
    the automatic only means the gov't won't disallow it, you still need to file for it

    and the 6 month extension of time is for FILING only, the gov't does not give you an extension of time to PAY your taxes...

    throw that book in the garbage
     
  13. ludegirl

    ludegirl Senior Member

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    Fuckers change the tax law way too much! I shell out like $100 for this book and after this quarter its worthless! It's either throw it in hte garbage or burn it for warmth. The things are outdated as soon as they're published.
     
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