tax time

[Ylen13]

What is the largest that u had to pay to IRS and how much if it?s not a secret are u paying uncle this year. I don't work so will use my parents, they will be paying 12,000 in tax and this is the largest they have ever paid. Anyone has paid more then that in tax?

 

[BrunoPuntzJones]

Out of curiosity, how old are you?

And is $12,000 what they are paying in total? Or just what they owe due to underpayment?

 

[FoBoT]

i wish i paid $12,000 , if i paid that much in tax, my income would be about double what it is now, roughly

 

[Ylen13]

Originally posted by: BrunoPuntzJones
Out of curiosity, how old are you?

And is $12,000 what they are paying in total? Or just what they owe due to underpayment?

i am 21 1/2. They payed about $5000 already this year and that is what they paying as underpayment. They made alot less in 2001-2002 year!

 

[CPA]

I will be paying about $4600 additionally, I have not problem with it. It was a little higher than I anticipated due to selling my house early last year and not getting enough to itemize, but I would rather pay later than pay sooner. It's all about the cash flow, people.

 

[Ylen13]

cpa do u think they sould get second opinion on their tax?

 

[dquan97]

I had a six figure bill from the IRS and FTB EACH...good thing it was resolved to my favor

 

[Ylen13]

Originally posted by: dquan97
I had a six figure bill from the IRS and FTB EACH...good thing it was resolved to my favor

6 figure? How much are u making? Or did u get audited and they charged u with fraud?

 

[amdskip]

I still need to do my taxes

I hope I get at least $500 back🙂

 

[Kaervak]

Owed only 117 on my federal taxes. Thank you 36.5 cents per business mile. 😀 I'm getting a refund of $23 from the state. The reason I'm getting a refund on the state tax is for a two week period I was on company payroll.

 

[SuperTool]

Looks like 10K to uncle Sam, 3K to uncle Gray. Actually I underpaid both, have to pay extra 1K now 😉
Single with no house sucks.
How long do I have to refile my old taxes? I think I forgot to include the student loan interest on my 2001 return. Good for about $200 deduction.

 

[Ylen13]

i think its 3 years but dont' quote me on that. Btw buy a house or some property othewise u will cotinue paying alot to uncle sam