Ironworks Gaming Forum - View Single Post - Has anyone been fined for being a day or two late on their tax return?

SpiritWarrior · 04-15-2009, 07:53 PM

The interest on money owed to the IRS is insane. I got a letter this year saying some of my income was reviewd and partially revoked and that I owe them back around 1k that they already gave me. After some bitching, contesting and an overall lingering confusion I gave up and just let them have it.

Fortunately, I still had most of it with me, so paid it to them right then and there BUT had I not I would have had to select a payment plan which gets hit with interest every 11 days at an rate of 11%! If you did that in low paymenmts you'd never pay it back. My status hasn't changed though, and I fully intend to file in exactly the same way next year so I dunno what will happen, but if I gotta do the whole "hearing" thing I will.

04-15-2009, 07:53 PM	#6
SpiritWarrior Jack Burton Join Date: May 31, 2002 Location: Ireland Posts: 5,854	Re: Has anyone been fined for being a day or two late on their tax return? The interest on money owed to the IRS is insane. I got a letter this year saying some of my income was reviewd and partially revoked and that I owe them back around 1k that they already gave me. After some bitching, contesting and an overall lingering confusion I gave up and just let them have it. Fortunately, I still had most of it with me, so paid it to them right then and there BUT had I not I would have had to select a payment plan which gets hit with interest every 11 days at an rate of 11%! If you did that in low paymenmts you'd never pay it back. My status hasn't changed though, and I fully intend to file in exactly the same way next year so I dunno what will happen, but if I gotta do the whole "hearing" thing I will. __________________ Still I feel like a child when I look at the moon, maybe I grew up a little too soon...