So serious question. Last few years have gotten some $ back from filing, not saying that is a good thing. This year I owe another few $ grand but have not filed. Are you all filing or not? I am scared of their long reach, I hate taxes, the IRS, etc but in quandary as to what to do. What are you all doing? Recommendations?
Easiest thing to do now is to file an extension, estimating that you will owe no taxes. I think that gives you until August. We should know more by then.
Yes will extend. My Turbotax says I need to pay what I owe even tho I extend my filing to avoid penalties. Youβre saying when filing the extension say estimate owed is $0
I'm not a tax professional and this isn't tax advice. It's just what I'd do. I'd rather estimate zero taxes and have to pay a penalty later on the chance our tax system will be in a whole different place come August. That's not for everybody, especially if you owe a lot of taxes.
So serious question. Last few years have gotten some $ back from filing, not saying that is a good thing. This year I owe another few $ grand but have not filed. Are you all filing or not? I am scared of their long reach, I hate taxes, the IRS, etc but in quandary as to what to do. What are you all doing? Recommendations?
Easiest thing to do now is to file an extension, estimating that you will owe no taxes. I think that gives you until August. We should know more by then.
Yes will extend. My Turbotax says I need to pay what I owe even tho I extend my filing to avoid penalties. Youβre saying when filing the extension say estimate owed is $0
I'm not a tax professional and this isn't tax advice. It's just what I'd do. I'd rather estimate zero taxes and have to pay a penalty later on the chance our tax system will be in a whole different place come August. That's not for everybody, especially if you owe a lot of taxes.