WARNING, if you owe taxes and file an extension, you still have to pay your estimated taxes by that date or owe huge interest & penalty charges. DO pay your taxes on time, pedes! Consult your tax professionals before you do something like this.
I don't understand doing this. The government already has your money, it has been withheld from your paychecks all year. When you file, you are only filing so you can get your refund. Unless I misunderstand something?
Some of us have to pay in. 1500$ in my case. Not sure if I’ll be sending them a check yet or not. I was hesitant in paying my taxes this year even before the news about an arrest.
We have a small business. We owe every year. We file an extension every year. I need time to get everything together and our tax preparer has more time in the summer too.
Not everyone signs up for the same withholding. Some people choose not to withholding at all, some at a level above their tax debt, some below, others not at all.
If you do owe money, file your taxes, admit to owing it, but do not pay. The interest rate for unpaid taxes is the federal short term interest (currently 4.72%) + 3%. So 7.7% annually. There are no additional penalties assuming you prepaid 90% of what was due.
For this small fee, we can remove a source of revenue from the corrupt government. If everyone who owes $2000 takes the hit of $150 to delay payment by a year, we can force the government to slam mercilessly into the debt ceiling. Assuming we can then convince the MAGA reps in the House not to raise the ceiling, we can bring tremendous pain on the government. They will be crippled. That is worth $100 or so in my opinion.
If you are due a refund, demand it as quickly as possible. We want the federal government bled dry. And please update your W4. It is unconscionable that anyone give these criminals an interest free loan.
Wrong! There is a 0.5% late "pay"ing penalty, assessed per month, up to 10 months (5% total). Not to be confused with late "FILING" penalty of 5% per month, up to 10 months (50% total).
I struggle with clients over this all the time. Even with the late "pay"ing penalties, it is usually cheaper to owe the gov't, than to borrow.
OK, thanks. Good to know. Still well worth it in my opinion. The IRS is a criminal enterprise collaborating with authorities committing treason. If I can play just a small part in bringing this illegal government to it knees, then it's still affordable.
Actually no such thing is required. I have a friend who has successfully done this particular process which essentially amounts to mailing the IRS and insisting that they made a mistake distributing income tax forms to you, which they then responded with by mailing back a check of the last several years of income tax!
I was quite amused. There are other methods of course. But really, do we think such a system of tax is necessary, even if it was being used properly? How did we fund our streets & cities before the 1910's, before income tax was pushed as a voluntary tax to support the war effort
WARNING, if you owe taxes and file an extension, you still have to pay your estimated taxes by that date or owe huge interest & penalty charges. DO pay your taxes on time, pedes! Consult your tax professionals before you do something like this.
Boooo
I did just this.
Me too ! Im so tired of paying them my money and DMV too , I wish I could stop paying them !
In CA it is so they can register illegals to vote.
No we don’t need them , we buy a car and those pricks charge us every year to keep it ,, just another way to rob from us ,, so tired of it !!!
No
"IF" Trump gets arrested. We should then pick a day to not go to work.
If 75,000,000 people call in the same day it cannot be ignored. It is truly a powerful move.
Too many of probably need the dough. I'm blessed to be on salary, but most of my people are not.
We all need the dough. But this is war. It is becoming clear, we win or we die.
ummm... I'm talking about not going to work for a day. I am lost as to your reply.
No need to reply. I'm good with leaving it at me being confused.
I think if you file the extension, you still owe the money by April 15th.
The big penalties start if you don't file at all.
Interesting idea..
I don't understand doing this. The government already has your money, it has been withheld from your paychecks all year. When you file, you are only filing so you can get your refund. Unless I misunderstand something?
Some of us have to pay in. 1500$ in my case. Not sure if I’ll be sending them a check yet or not. I was hesitant in paying my taxes this year even before the news about an arrest.
We have a small business. We owe every year. We file an extension every year. I need time to get everything together and our tax preparer has more time in the summer too.
Not everyone signs up for the same withholding. Some people choose not to withholding at all, some at a level above their tax debt, some below, others not at all.
April fools been sounding strong
If the Trump thing doesn’t resolve, we’re gonna owe more than just taxes.
Sticky for interesting idea.
Should do that regardless of whether trump is arrested to protest taxation...
In California you don't have to pay til October because of our weather issues. It's ridiculous but I am already taking advantage of that.
I would, but they owe me.
I think they already have most of your tax money already between payroll deductions and local property tax / escrow.
YOU ARE PAYING ONLY INTEREST ON MONEY CONGRESS SPENDS! We still haven't paid off the 90s!!
I like it.
If you do owe money, file your taxes, admit to owing it, but do not pay. The interest rate for unpaid taxes is the federal short term interest (currently 4.72%) + 3%. So 7.7% annually. There are no additional penalties assuming you prepaid 90% of what was due.
For this small fee, we can remove a source of revenue from the corrupt government. If everyone who owes $2000 takes the hit of $150 to delay payment by a year, we can force the government to slam mercilessly into the debt ceiling. Assuming we can then convince the MAGA reps in the House not to raise the ceiling, we can bring tremendous pain on the government. They will be crippled. That is worth $100 or so in my opinion.
If you are due a refund, demand it as quickly as possible. We want the federal government bled dry. And please update your W4. It is unconscionable that anyone give these criminals an interest free loan.
Wrong! There is a 0.5% late "pay"ing penalty, assessed per month, up to 10 months (5% total). Not to be confused with late "FILING" penalty of 5% per month, up to 10 months (50% total).
I struggle with clients over this all the time. Even with the late "pay"ing penalties, it is usually cheaper to owe the gov't, than to borrow.
OK, thanks. Good to know. Still well worth it in my opinion. The IRS is a criminal enterprise collaborating with authorities committing treason. If I can play just a small part in bringing this illegal government to it knees, then it's still affordable.
Better idea: Completely quit dealing with the Deep State economy. Turn ALL their businesses into Bankrupt and Beyond.
A lot of really nice folks have small businesses.
Love and Light 💕
Income tax is only applicable to Federal Employees. Change your status
You agree that you are a federal employee when you sign a 1040 form. Take back the power by exposing the fraud
Interesting. Where can I find out more about this?
At a live conference by a sovereign citizen.
Actually no such thing is required. I have a friend who has successfully done this particular process which essentially amounts to mailing the IRS and insisting that they made a mistake distributing income tax forms to you, which they then responded with by mailing back a check of the last several years of income tax!
I was quite amused. There are other methods of course. But really, do we think such a system of tax is necessary, even if it was being used properly? How did we fund our streets & cities before the 1910's, before income tax was pushed as a voluntary tax to support the war effort
Anarchapulco baby!
You usually get your tax dollars back for filing. You need to withhold your taxes in order for this to be effective, unless you know you'll owe
I may just do this!