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re: Who is sending Taxes off today...
Posted on 4/16/18 at 7:12 am to Bullfrog
Posted on 4/16/18 at 7:12 am to Bullfrog
quote:
Filing an extension via my cpa. Never got around to getting my shite together early enough. To much going on.
Never have understood the extension. It's only for the filing of the return. You still have to "best guess" and pay what you owe and roll the dice you didn't come up short.
Posted on 4/16/18 at 7:22 am to udtiger
We filed an extension and received word it was granted last Wednesday. All documents are in to our CPA and will file later this week.
Posted on 4/16/18 at 7:23 am to Mudminnow
quote:
We filed an extension and received word it was granted last Wednesday. All documents are in to our CPA and will file later this week.
When you file the extension, how long do you get before you have to file the actual return? Never filed an extension before.
Posted on 4/16/18 at 7:30 am to LanierSpots
October is Tax month, got to file that extension
Posted on 4/16/18 at 7:31 am to LanierSpots
October 15th.
And you need to be above 90% of what the IRS says you ultimately owe, paid by tomorrow.
And you need to be above 90% of what the IRS says you ultimately owe, paid by tomorrow.
Posted on 4/16/18 at 7:37 am to LanierSpots
I'm filing today. I had everything ready to go a few weeks ago, but writing that check is difficult.
<--Not OT rich.
<--Not OT rich.
Posted on 4/16/18 at 7:44 am to Bullfrog
quote:
And you need to be above 90% of what the IRS says you ultimately owe, paid by tomorrow.
I assume anything under 90% accrues interest for the 6 month period from April to Oct?
Posted on 4/16/18 at 7:58 am to LanierSpots
quote:
I assume anything under 90% accrues interest for the 6 month period from April to Oct?
Yes, but you can also avoid the penalty by paying what you paid last year.
90% of estimated liability this year or,
100% of what you paid this year
Posted on 4/16/18 at 8:01 am to LanierSpots
I’ve already got my $35 federal refund.
Posted on 4/16/18 at 8:01 am to X123F45
quote:
Looked at all purchases and expenses for the year that were work related and itemized everything out. Saved me 4k on federal and getting me maybe 500 bucks back. State somehow is 10x that amount
Something tells me you did something wrong.
Posted on 4/16/18 at 8:02 am to elprez00
quote:
I’ve already got my $35 federal refund
Well done, no interest free refund to the government.
Posted on 4/16/18 at 8:03 am to slackster
While I don't know one way or the other, I would have to imagine that returns filed under an extension tend to get a harder look and have a higher incidence of audit.
Posted on 4/16/18 at 8:05 am to LanierSpots
Sent my two checks in early last week.
Registered U.S. Mail, receipt requested, still haven’t received a response from either.
Registered U.S. Mail, receipt requested, still haven’t received a response from either.
Posted on 4/16/18 at 8:10 am to udtiger
quote:
While I don't know one way or the other, I would have to imagine that returns filed under an extension tend to get a harder look and have a higher incidence of audit
Not necessarily. If you filed an extension because you just didn't get your shite together but it's still a simple return, the chance of audit doesnt really increase. The reason the chance of audit would be higher is because the returns tend to be more complex, which increases the chance of audit. More of a correlation doesn't equal causation thing.
Posted on 4/16/18 at 8:51 am to Bullfrog
quote:
Filing an extension via my cpa. Never got around to getting my shite together early enough. To much going on.
you still got to write a check if you owe correct? unless you want to get penalized.
Posted on 4/16/18 at 9:02 am to Chad504boy
quote:
you still got to write a check if you owe correct? unless you want to get penalized.
Correct
Posted on 4/16/18 at 9:06 am to LanierSpots
I finished them in January.
Posted on 4/16/18 at 9:53 am to slackster
quote:
Something tells me you did something wrong.
I donated a shite ton of building materials and safety equipment last year.
Screw it. Helluva lot more than I claimed.
It was just wierd that the federal was so much lower than the state.
Guess I left federal money on the table.
Posted on 4/16/18 at 10:39 am to LanierSpots
Not until tomorrow at 11:59 pm
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