April 16 Taxes Due

[ninnymary]

I wait till last minute every year, I like to hold on to my money as long as possaable

This is the argument my husband and I always have. I'm the opposite. I want those returns done and sent in as soon as possible to get that monkey off my back. I tell my husband we are paying the same amount whether you hang on to that money or not!

Mary

 

[Carol Dee]

This is the argument my husband and I always have. I'm the opposite. I want those returns done and sent in as soon as possible to get that monkey off my back. I tell my husband we are paying the same amount whether you hang on to that money or not!

Mary

MY thoughts exactly. Just do it~

 

[seedcorn]

If you owe $5000, by holding onto your $$ an extra 2 months, you made $5-8..... How much grief, anxiety would you take for that?

 

[thistlebloom]

If you owe $5000, by holding onto your $$ an extra 2 months, you made $5-8..... How much grief, anxiety would you take for that?

Yeah, but if I do it for enough years I'll have enough to eat in a New York restaurant.

 

[Nyboy]

It is the point of writing out the check not the amount.

 

[seedcorn]

Yeah, but if I do it for enough years I'll have enough to eat in a New York restaurant.

You won’t live long enough at $8/year.

 

[bobm]

It is the point of writing out the check not the amount.

After yesterday's IRS audit, a "businessman" who owns 3 "businesses", and not filing his tax returns for 3 years, left the office with a tax bill of $ 128,000 + for back taxes, interest and penalties ...

 

[flowerbug]

After yesterday's IRS audit, a "businessman" who owns 3 "businesses", and not filing his tax returns for 3 years, left the office with a tax bill of $ 128,000 + for back taxes, interest and penalties ...

overachiever... ouch. wonder if that will put him under/bankruptcy. in cases like this i feel bad for the employees who may have to scramble to find new jobs. at least if that happens now it's a relatively good time to be looking for work.

 

[baymule]

After we closed our business in December of 2001, I made sure that I squared everything with the IRS, made my employee tax deposits each month and all that stuff. In May of 2002, the IRS sent me two checks totaling over $24,000. I called them, I was told that I over paid because I closed my business in June of 2001. Uh.....nope, I closed in December of 2001. I was told by a cheerful voice "to just send them back." Riiiiiiiight......if they had sent me back 6 months of employee payroll taxes, there was no telling how much more it could get screwed up.

I was so mad that I tossed the checks on the dresser where they stayed until tax time the following year. The IRS paid me $1500 in interest and wanted me to pay tax on it, so I figured it was time to get that mess straightened out.

I called on a consumer TV man that did a spot on Channel 13 news every evening, Marvin Zindler. He loved that story! He put me on TV and asked why I hadn't cashed the checks. "Because I'm not stupid, that's not my money," I told him. He sent me to the Smith Building, downtown Houston to see someone who would take the checks. I took copies of my employee records to prove that the money was not mine. I had him make copies of the checks, sign and date the copy and note that I had returned the checks. A couple of months later I got a letter that it was all straightened out.

 

[flowerbug]

a lot of people had fun the other day trying to do things last minute... i'm glad i've never e-filed. as long as i have to give someone else my information i don't want to do it. if it were just the IRS website and i could do everything through that and not a third party i would use it, but otherwise, noway...