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re: "I owe taxes" non poors check in here

Posted on 4/16/19 at 12:10 am to
Posted by CAD703X
Liberty Island
Member since Jul 2008
94631 posts
Posted on 4/16/19 at 12:10 am to
i owed $2200
Posted by LanierSpots
Gulf of America / Sarasota FL
Member since Sep 2010
71787 posts
Posted on 4/16/19 at 5:36 am to
Sent in my quarterly contribution.... 6K
Posted by YNWA
Member since Nov 2015
7241 posts
Posted on 4/16/19 at 6:30 am to
quote:

Extension is to file not pay. If you owe and don’t send payment today you’ll get hit with penalties and interest


Actually just send in what you can afford to pay. They will send you a letter in late May saying you still owe $$$ then you send in the rest.
Posted by LanierSpots
Gulf of America / Sarasota FL
Member since Sep 2010
71787 posts
Posted on 4/16/19 at 6:42 am to
quote:

Actually just send in what you can afford to pay. They will send you a letter in late May saying you still owe $$$ then you send in the rest.


And you will still get a penalty. Filing an extension really does nothing for you but keeps you from filing now


Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 4/16/19 at 6:46 am to
quote:

Unexpected dividend payout last year, so i had to write a check a little north of 300k. 1st world problems.


Lolwut? Depending on the timing of that you almost certainly owe an underpayment penalty too.
Posted by GeauxGutsy
Member since Jul 2017
5994 posts
Posted on 4/16/19 at 6:58 am to
quote:

Extension filed.
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