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Message
re: Payroll Screw-up...need Advice
Posted on 7/1/14 at 3:24 pm to LSUAfro
Posted on 7/1/14 at 3:24 pm to LSUAfro
quote:
No you wouldn't.
Actually, I would not have suggested it if I would not have done it myself.
quote:
Would you send in your estimated taxes early if they gave you a $2k bonus check that didn't have the taxes taken out?
Yes, I would. I'd rather play it safe and not risk forgetting about it, or causing a problem down the road.
quote:
Like what? You're just complicating the issue even further.
Not at all, I'm actually making it very simple. I don't know the dollar amount involved here, or, what the taxpayer has dealt with in the past. I'm choosing the safest option.
But then again, I'm not one that worries about the piddling amounts of interest I would make by saving the money and paying it later. To me, the knowledge of eliminating any potential issues (that may or may not actually occur) at tax time next year is more than wotth the tiny amount of interest to be gained by saving it now.
2
Posted on 7/1/14 at 7:11 pm to LSUFanHouston
I typically get money from the government during taxes. Albeit, it's only $1500-$2000 but it's still something that I look forward to so I can spend it on my wife's lingerie. They paid us about $1700 which was supposed to go towards the tax, so i could break even at YE when tax time comes around. In that case, I would rather take the money now so i'm not paying $400 back each of the next 5 paychecks and rather break even in February.
Posted on 7/1/14 at 8:40 pm to LSUFanHouston
quote:
I'd rather play it safe and not risk forgetting about it
Put it in your tax file. You know, the one you keep for filing tax-related matters that may crop up during the year. Then you won't forget.
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