Money in the bank!

[OutHouse]

i gave the gooberment a 2K loan of for the year. big woop, i really dont care. now if i made a ton of money and it was a 20K loan then yea i would care.

 

[OutHouse]

Or you could just put some money into savings and use that when you have a problem. You don't have to be rich to have a few grand in savings.

dude sometimes a lot of bad things happen with in short period of time that drain your account and it takes a lot of time to build up and while building it up something else happens that cost more than what you have.

been there dont that.

 

[CPA]

At $4K don't they charge a penalty?

Not necessarily. The rule is no penalty if you're current year total payments/withholdings equals at least your previous year's taxes, or your balance due is not more than 10% of your overall tax liability. there are a couple other minor rules.