On Jun 9, 11:48*am, "Haskel LaPort" <QBFan...[at]gmail.com> wrote:
- quote -

Thanks very much for your response...Is it better to just make a
payment of at least the amount you know you owe and then follow up by
calling the IRS or should I call the IRS before hand to see about what
they show on there end? If I do call them ahead of time are there any
questions in particular I should ask???

Thanks again,

MC

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"maxed_out41" <netsurfer802[at]yahoo.com> wrote in message
news:4e9aa86a-cdcd-49b1-a7ce-c285c3d895b2[at]f63g2000hsf.googlegroups.com...
- quote -

Have your return prepared by a professional. There is still no guarantee
that your taxes would be lower.


- quote -

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jun 8, 2:26 pm, maxed_out41 <netsurfer...[at]yahoo.com> wrote:

- quote -

If you paid money with your extension to file and still owe about 1k
more, all you have is interest and penalty on the 1k which is
approximately 1% a month (0.5% interest, 0.5% penalty), which comes
out to $10 a month, until October 15. Thereafter, the penalty
increases to 5% a month.

The rules say thep penalty is XYZ for each month or part therefore,
which seems to mean to me that if you pay in 2.5 months, you'll still
be charged for 3 months. I could be wrong though.

You can pay the 1k now by mailing a 1040-V and check to the place
where you normally file your return, or through eftps.com (takes about
2 weeks to set up an account). However, keep proper documentation as
the IRS will cash the check, but they may not record the date you
mailed in the check correctly especially if you are sending in a check
now but filing by October 15. So if they send you a bill for
additional interest and penalties, you can respond with your proper
documentation. This includes: copy of your 1040-V and check if
mailing in a check, though be aware that eftps saves the receipt as a
PDF file which you can print out.

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Hi:

I had filled out a form for an extension with my taxes and now that
I've worked more on my taxes it looks like i owe about $900 to $1000
more than what I originally figured. Most of this was that for some
stupid reason I had with my Taxcut program that I was married instead
of single, and the fact that I was put on a couple 1099's with two
companies --which were actually "sister" companies to each other.
(There I was a telephone sales representative, basically...for both
companies) Is there any where I can go or any resource that exists
out there to help figure out if I have any tax breaks to lesson the
amount I owe...because as it is right now I'm probably going to fined
for paying late or at least charged additional interest.

Thanks in advanced for any helpful responses.

MC

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >