Question for those more experienced than I. With so many folks losing their jobs last year and the pause on ss/med taxes I think many more people will owe money this year. I typically end up paying around 4K each year and estimate it will be much higher this year. If we are living with a false government and dc is a foreign and hostile entity wouldn’t something need to happen prior to tax day? TIA and truly looking to get opinions. I’ve been thinking about his for awhile, but haven’t seen conversations on it as is yet.
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For those caught in this trap, extensions, extensions. For the next 20 years if it takes that long. Get out of it now, read and study, most common folks do not need to play these games. However, if you take or accept things from them you may owe on those things. Fear no Boogie Man. Just read your w-4 the answer is right on it for the average man/woman. If you are employed by someone, they have to adhere to the filled out w-4, if not tell them to 1099 you. If you do not understand this whole mess or gibberish, why are you participating in it. Cause Bob down the street said to, your boss said to. Most business owners know nothing about any code, little on understand it. It is BS.
*An extension of time to file your return does not grant you any extension of time to pay your taxes.
https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return