Taxes! Blah!

General Lee 01 · April 18, 2008

Alright guys, I've got a question. Hopefully someone out there has had similar situations which brought some expertise to have an answer for me.

...An IRS agent who's a member here would be awesome right about now.

I'm not giving the 5,000,000 word sob story novel... just basics, all I ask is please don't judge me.

What's the penalties for post-deadline Filing?

Technical glitch made me miss the mark by 2 hours.

VMax2007 · April 19, 2008

Well, it's been nice knowin' ya Jeremy. Hope you like your cell mate.

Want me to take over your Mod duties while your off being Bubba's bitch?

Darkanion · April 19, 2008

No penalty, if they owe you... Interest and penalties if you owe them..

http://www.bankrate.com/brm/itax/news/20010417a.asp

"Interest charges started running at 12:01 a.m. April 16 on unpaid taxes, even if you got an extension of time to file. Right now, the IRS meter is set at an annual rate of 5 percent (it's adjusted quarterly). So it's definitely to your advantage to get your taxes filed as soon as possible."

Zembonez · April 19, 2008

If you got it in within 2 hours they may well look the other way. It's possible that it will make them look at the return with a little more interest. Worst case would be a one day penalty with interest... couldn't be much at all.

WHere you been Man?

carneyman · April 19, 2008

Obviously not filing his taxes...Good luck though man.

Wingnut · April 21, 2008

Yeah, if they owe you, you can wait years to file...Up to 3 here in Oklahoma (and federal I believe).

If you owe them though? Yeah...BOHICA.

Silverado4x4 · April 21, 2008

So thats where those 3 black Suburbans I saw hauling ass down 95 where going.

General Lee 01 · April 28, 2008

They owe me.... So I guess I'm good.

I was a little worried about the Payday being not-so-paid. But it looks like from what yall are saying it's all good... so woo-hoo!

Thanks for the help yall.

Schmids5.3l · April 28, 2008

Enjoy your cell with Wesley Snipes

Zembonez · April 28, 2008

Enjoy your cell with Wesley Snipes

That's bad Sam.

Dammit Jeremy... THEY OWE YOU and you couldn't get it filed in time? If they ever owed me a refund... I'd hand deliver it on January One.

Schmids5.3l · April 28, 2008

I'm still waiting on mine. Just like everybody else that owes me money (student loans, the V.A., Feds) they are taking their sweet time.

cambo · April 28, 2008

Hell I got mine back around March 10th. I blew it all when I went to my beach house for the weekend.

Darkanion · April 28, 2008

They owe me.... So I guess I'm good.

I was a little worried about the Payday being not-so-paid. But it looks like from what yall are saying it's all good... so woo-hoo!

Thanks for the help yall.

Yeah - If they owe you, there are no penalties... If you wait long enough (too long?), they'll even contact you to tell you "we think we owe you money - file your taxes, so we can be sure of how much we owe you, so we can send it to you."

If you owe them, they're not nearly so nice about it (so I've heard).

I got my refund on 2/15. I'm using the cushion from that to close on the house, this week. Woohoo!