Did you file your Federal Income Taxes yet?

[exitseven]

The last day is April 15th. It sort of snuck up on me but I did it last week.

[Beckybooboo]

I did and I asked if I get better returns after I get married! The answer was, "no", unless I have children! I'm all for that! 😂😂

[TheSmellOfVictoria]

Great, that's all this country needs! More blonde haired Sissy's with irrational fears! Tell your hubby to keep it in his pants for a couple years.

[exitseven]

If you have 3 kids in 3 years it can be a game changer at tax time

[Beckybooboo]

@exitseven 3 kids in 3 years? That's a tall order lol I'm thinking 2 in three or so years.

[Beckybooboo]

@TheSmellOfVictoria My babies will be beautiful blondes! They'll also be brave. My fears aren't irrational, to me anyway 😂😂

[exitseven]

@Beckybooboo. It's amazing what you can so when you put your mind to it

[red324]

Yeah, but the kids aren't free either so it's a wash

[douride2]

I sent mine out about 2 weeks ago now. Supposedly I'm getting money back this year.

[exitseven]

Don't spend it all in one place

[douride2]

No it will go into my retirement fund.

[Wiredone]

My account usually files an extension so I can do them in August during my busy season and I have more money to pay my taxes.

[RingOfFire]

An extension gives you more time to file your tax return but it doesn't give you more time to pay. If you owe tax you still have to pay it by April 15th. If you wait until August to pay, you will have to pay a penalty in addition to the tax due.

[Wiredone]

Thanks for the mho

[OlderAndWiser]

My tax attorney will file for an extension.

[exitseven]

I used to work for a small company and the company attorney used to declare my use of a company car as income on a 1099. He would always file for an extension preventing me from filing my own taxes. One year I figured I would file without the damn 1099 for the car. I got my refund but later I got bagged by the IRS and had to pay a penalty. I called the accountant and read him the riot act. I said that if he was any damn good he would be hiding my use of a company car.

[RingOfFire]

As I mentioned elsewhere, filing an extension gives you more time to file your return, but it doesn't give you more time to pay any tax that's due. If you owe tax, and you pay it after April 15th. You'll also have to pay a penalty.

[OlderAndWiser]

@RingOfFire That's why I have a tax attorney.

[RingOfFire]

If you end up having to pay tax I hope he is informing you that it also includes a penalty if the payment is made after April 15th. I've dealt with a lot of attorneys and CPAs and it really ticks me off when they don't tell their clients that they're paying for something that could have been avoided.

[exitseven]

@RingOfFire you do not pay a penalty but you do have to pay interest on what you owe, You file for an extension to avoid the penalty.

[RingOfFire]

If you don't pay the amount owed on your return by April 15th you are subject to a late payment penalty.

It's called the failure to pay penalty.

The penalty is 0.5% of the amount owed each month of the amount owed to a maximum of 25%.

If you properly file for an extension, you won't have to pay the late filing penalty, but if you owed money and didn't pay you will have to pay the failure to pay penalty.

[RingOfFire]

And the penalty is in addition to interest. You may have to pay both. The only way out of the penalty is if you can show them a legitimate reason why your payment was late. And it probably can't be because you were on a Caribbean vacation. 🙂

[TheSmellOfVictoria]

I filed an extension... I know I will owe, it's just a matter of how much.

[RingOfFire]

Unfortunately if you owe tax you're going to have to pay a penalty if you don't pay that tax by April 15th. The extension gives you extra time to file a return but not extra time to pay.

[Aubrey97]

Even though I never owe, so said deadline doesn't apply, I do it in February every year.

[ProbablyClueless]

not yet. I have to file an extension this year

[Finchie40]

Yes in February , barely got shit back but happy I didn’t have to pay

[ewok737]

Yes, last Friday. I made $8000 estimated payments over the year for federal taxes. I owed an additional $8700 when the paperwork was finally done. And $2000 to the state.

[jamesgoldman]

Not American but mine were submitted in January, not that I'll pay anything but my accountant has a bottle of Dalmore for his remuneration

[Static_In_The_Attic]

Filed all my taxes in February.

[BCRanger10]

Working on it. We should be done this week.

[Simslover92]

Yep. Back in February.

[Razp_Sorbet]

Nope taxes are automatically done in NZ 😊

[AviatorTom]

Yep, last week, with my accountant.

[alice55]

did it in France it's in May though

[DrPepper12]

I don't wanna talk about it

[Anonymous]

Why bother. Musk fired the irs too.

[Cubus]

No. Im not American

[HДLILБΞУ]

I won't pay, I won't do anything..

[fish5505_87]

Nope!

[Mia03]

Yes and got my money.

[Kelly3_]

Back in February.

[NataliaNYC]

No..

[LiamJHayden]

Yes.

[Lilly1979]

Done it in March.