| | |||
| |||
| On May 7, 11:25*am, "web2.0" <rwest.ea...[at]gmail.com> wrote: - quote - > I procrastinated till May 7th, 2008 till mail the paperwork she filed
Probably. Penalty for not filing and paying on time is 5% a month. I> for me. > I owed slightly higher then $200 on fed, a few bucks on state.. > Is there any type of penalty or presumably, interest payment request > that will be sent to me? don't know if it is pro-rated. So if you mail your payment now, the penalty will be $10. There is also interest, and it will be around $1 (around 6% a year). Did you send in $200 with your return or did you just file the paperwork? And if you sent in $200, did you mail a check or pay by direct deposit? Here is the schedule of when you can expect your refund: http://www.irs.gov/irs/article/0,,id=180250,00.html Assuming you mailed a check of $200 with your return, the IRS will likely send you a notice for around $11. It will say something like pay $11 by June 11, 2008 and no additional penalties and interest will be assessed. You might want to set up an acconut at EFTPS to pay electronically, thereby avoiding postage. It takes about 2 weeks to set up the account, so you can start today. https://www.eftps.com/eftps/ If the penalty and interest on the state return is less than $1, they might forget about it. However, if you file an amended state return in the future, they might un-forget about it. - quote - > Does this impact the delivery of my rebate check? *To a later date?
It may.http://www.irs.gov/newsroom/article/...181997,00.html <QuoteQ. I filed after April 15 and the payment date for my Social Security number has passed. How long will it take for me to get my stimulus payment? A. It will generally take a minimum of six weeks after you file your return to get your stimulus payment. </Quote Note that the IRS may need more time to look at your return, especially if it is borderline (like AGI of 75k, only 3k of qualifying income, etc), so those dates are not garaunteed. - quote - > impecable past record, never late...this year was an exception, racked
It is possible that they made take the $200 plus penalties and> with bills, need any input/insight.. interest out of your $600 check But as the law says that the check is an advance credit on your 2008 taxes, in which case it may mean that it cannot be applied to your 2007 tax due, which means that you will still get the full $600, but have to pay the $211 seperately. I don't really know for sure. -- << ------------------------------------------------------- > << 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. > << ------------------------------------------------------- > |
|
#-1
| |||
| |||
| I procrastinated till May 7th, 2008 till mail the paperwork she filed for me. I owed slightly higher then $200 on fed, a few bucks on state.. Is there any type of penalty or presumably, interest payment request that will be sent to me? Does this impact the delivery of my rebate check? To a later date? impecable past record, never late...this year was an exception, racked with bills, need any input/insight.. -- << ------------------------------------------------------- > << 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 |
| federal or state, filing, late, question |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Filing status different for Federal return and State return rahul.rathi@gmail.com: Can I use a different filing status for Federal and State? I got married in October last year, but I and my wife were residing in separate states... | Taxes | 1 | 04-12-2007 10:13 PM | |
| Electronic filing possible for married filing separately in community property state? Etienne: I believe it may be beneficial for my wife and I to file separately. We live in California, a community property state. According to the IRS... | Taxes | 2 | 04-03-2007 11:03 PM | |
| Is E-filing federal, and paper filing 1NPR WI state return possible? ams_agarwal@yahoo.com: I'm planning to file my 1040 for federal, and 1NPR (non-resident) for wisconsin. Since Wisconsin doesn't support efiling 1NPR (only if you are a... | Taxes | 4 | 02-10-2007 10:24 AM | |
| Late filing of TD F 90-22.1 Alex Gowes: Until recently, I was unaware of the requirement to file form TD F 90-22.1. I've always ticked off the Yes box on the 1040 schedule B to delcare... | Taxes | 1 | 05-08-2004 11:55 AM | |
| Thread Tools | |
| Display Modes | |
| |