"maxed_out41" <pdntspad802[at]yahoo.com> wrote in message
news:231dc2ad-c9c6-4de3-8d0e-96f5b38f3a3f[at]l43g2000hsh.googlegroups.com...
- quote -

That's because you're NOT supposed to use a 1040-V for payments other than
the balance due listed on your 1040.

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

maxed_out41 wrote:
- quote -

the question in order to determine if you made a timely payment.
Payment should be sent prior to the original due date in order to
avoid late payment penalties. So.. if you made that payment on or
before 4/15/08, you can answer "yes" to the Taxcut question. If
you paid late, you should answer "no". I would assume that upon
answering "no", you will get a prompt to tell Taxcut when the
payment was made. Taxcut, would then calculate your late payment
penalty. You would then have the option of either including or
excluding the penalty when you file the return.

Either way.. what's important is that the return reflect the
amount you already paid.

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

- quote -

Indicate you paid the $1,000 with Form 4868. What's important is that the
$1,000 payment shows up on line 69 of your 2007 Form 1040.


Condor

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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 have a question with taxes. I had extended my taxes with a form
4868. Later used a form 1040-V to pay $1000 …does it matter on my
tax return if I indicate that I paid this $1000 with the form 4868
when I didn’t…Taxcut didn’t seem to make it easy to choose the exact
way that I paid this.

Thanks in advanced for any useful responses.
MC

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