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#6
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| On Feb 13, 4:41*pm, plez...[at]msn.com wrote: - quote - > How can I determine how much I have already paid for last yrs.
of any payments you may have made> estimated taxes? > -- > << ------------------------------------------------------- > > << The foregoing was not intended or written to be used, * > > << nor can it used, for the purpose of avoiding penalties *> > << that may be imposed upon the taxpayer. * * * * * * * * *> > << * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > << * The Charter and the Guidelines for submitting posts * > > << *to this newsgroup as well as our anti-spamming policy *> > << * * * * * * * * *are atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- > Call IRS at 1-800-829-1040. They will tell you the amounts and dates Milt Baker CPA Michigan ========================================= MODERATOR'S COMMENT: When responding to a prior post, please only include those parts of that post that are necessary for context or to which you specifically reply. Delete the rest. Thank you for your assistance. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#5
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| On Feb 13, 6:33*pm, Benjamin Yazersky CPA <bya...[at]lycos.com> wrote: - quote - > On Feb 13, 8:21 pm, joeu2004 <joeu2...[at]hotmail.com> wrote:
That's exactly what "tongue-in-cheek" means in my book.> > But here's a tongue-in-cheek answer for the future. > [....] > However, underreporting your estimated tax payments to generate > a refund is just dumb & dumber. Well, I guess that's why Hollywood invented the laugh track. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#4
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| On Feb 13, 8:21 pm, joeu2004 <joeu2...[at]hotmail.com> wrote: - quote - > On Feb 13, 1:56 pm, "Phil Marti" <prm20...[at]verizon.net> wrote: > > <plez...[at]msn.com> wrote: > > > How can I determine how much I have already paid for last yrs. > > > estimated taxes? > > Something's wrong with the question. People who make > > estimated tax payments have a record of the payments they've > > made, so you must be asking about something else. Can you > > clarify exactly what you're trying to find out [...]? > It is not uncommon for disorganized people to lose track of > what checks they have written. This is especially true for > children of elderly parents. The latter fail to keep records, > and the children are forced to play catch-up when they take > control of their parents' finances. > Of course, getting copies of the statements from the bank(s) > is the right answer. > But here's a tongue-in-cheek answer for the future. > Under-report the estimated tax payments on the tax return > each year. This will cause you to over-compute the tax > liability and either overpay taxes due or under-report the > refund. > Eventually, the IRS (and state tax authority) will send you > an additional refund. But also, the IRS (at least) will send > you a notice the following year to inform you of the total > amount of estimated taxes paid in the just-ended tax year. > I discovered that this year, as a result of a lot of confusion > caused by the CPA who (incorrectly) prepared my mother's > tax returns last year. > -- It is important to keep track of the checks (or in these days electronic payments) one makes. You need to be able to go through your own records and be able to produce this info. Actually, some states allow taxpayers to obtain their tax info online. But the IRS just isn't there quite yet. I've heard it could be in the pipeline in a few years or so. However, underreporting your estimated tax payments to generate a refund is just dumb & dumber. It generally causes much more problems than it can solve. Relying on the IRS and the state tax dept to get it right is wishful dreaming. I can't tell you how many times I have had to deal with the IRS and state tax dept's because they didn't get the tax payments properly applied to the tax return. I've also seen states just let the overpayment just sit in suspense until the taxpayer figures it out and inquires about it. And by then the statute of limitations has expired and the govt doesn't issue the refund. YOU LOSE! ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- "This written advice was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer." (The foregoing legend has been affixed pursuant to U.S. Treasury Regulations governing tax practice.) The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#3
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| "joeu2004" wrote: - quote - > Under-report the estimated tax payments on the tax return
Don't count on it. When I lived in DC they managed to misplace all of my ES> each year. This will cause you to over-compute the tax > liability and either overpay taxes due or under-report the > refund. > Eventually, the IRS (and state tax authority) will send you > an additional refund. payments, for which I had canceled checks, one year. It took me an afternoon at their office to get it fixed. -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| On Feb 13, 1:56*pm, "Phil Marti" <prm20...[at]verizon.net> wrote: - quote - > <plez...[at]msn.com> wrote:
It is not uncommon for disorganized people to lose track of> > How can I determine how much I have already paid for last yrs. > > estimated taxes? > Something's wrong with the question. *People who make > estimated tax payments have a record of the payments they've > made, so you must be asking about something else. *Can you > clarify exactly what you're trying to find out [...]? what checks they have written. This is especially true for children of elderly parents. The latter fail to keep records, and the children are forced to play catch-up when they take control of their parents' finances. Of course, getting copies of the statements from the bank(s) is the right answer. But here's a tongue-in-cheek answer for the future. Under-report the estimated tax payments on the tax return each year. This will cause you to over-compute the tax liability and either overpay taxes due or under-report the refund. Eventually, the IRS (and state tax authority) will send you an additional refund. But also, the IRS (at least) will send you a notice the following year to inform you of the total amount of estimated taxes paid in the just-ended tax year. I discovered that this year, as a result of a lot of confusion caused by the CPA who (incorrectly) prepared my mother's tax returns last year. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| On Feb 13, 3:41*pm, plez...[at]msn.com wrote: - quote - > How can I determine how much I have already paid for last yrs.
infomation.> estimated taxes? > -- > << ------------------------------------------------------- > > << The foregoing was not intended or written to be used, * > > << nor can it used, for the purpose of avoiding penalties *> > << that may be imposed upon the taxpayer. * * * * * * * * *> > << * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > << * The Charter and the Guidelines for submitting posts * > > << *to this newsgroup as well as our anti-spamming policy *> > << * * * * * * * * *are atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- > You bank statements and/or cancelled checks might be a good source of ed -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| <plezzie[at]msn.com> wrote: - quote - > How can I determine how much I have already paid for last yrs.
Something's wrong with the question. People who make estimated tax payments> estimated taxes? have a record of the payments they've made, so you must be asking about something else. Can you clarify exactly what you're trying to find out and why you're trying to find it out? -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| How can I determine how much I have already paid for last yrs. estimated taxes? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| 2007, estimated, taxes |
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