WTF!!! IRS fines me $270 for overpaying taxes

[HJB417]

:|

Self explanatory
--------------------
Total Tax On Return: $4,831.00
Less:
___________Tax Withheld: $-3,422.00
___________Estimated Payments: $0.00
___________Other Credits: $0.00
___________Other Payments: $-1,438.00 (The check I cut them)
Total Payments & Credits: $4,860.00
Overpaid Tax: $29.00
Penalty: $268.52
Interest: $47.64
TOTAL AMOUNT I OWE: $287.16 (which is the fine + by overpayment of $29).


Seriously, what bs govt is this.

 

[MikeyIs4Dcats]

wow...thats harsh

 

[xSauronx]

pwned

 

[dethman]

wait shouldn't the amount you owe be the fine MINUS the overpaid tax?

 

[Looney]

LOLOL

 

[Ricemarine]

nice penalty.

 

[Eli]

Huh? That doesen't make any sense. The guberment is happy to take your overpayment.

Most people overpay. Hence getting a refund.

 

[Rage187]

You overpaid too much.

I know that sounds rediculous but you can't treat your federal taxes like a piggy bank. Hence the penalty.

 

[theMan]

i dont think thats right, it must be a mistake.

 

[Sphexi]

He overpaid by 29 DOLLARS. That's not too much at all.

 

[dethman]

you actually probably got penalized for withholding too much tax.

 

[eelw]

HUH?????

 

[LikeLinus]

Originally posted by: Rage187
You overpaid too much.

I know that sounds rediculous but you can't treat your federal taxes like a piggy bank. Hence the penalty.

WTF are you talking about? I take out 0 deductions (which takes the max out of your paycheck) which means I OVERPAY my taxes and get a refund each year.

Where did you come up with that BS logic?

 

[anno]

forget the penalty.. I mean don't but move past that just for this minute and notice they charged you 48 dollars of interest because you gave them 29 dollars too much?

that's officially insane.

anno

 

[Gunslinger08]

Are you self-employed?

 

[Gunslinger08]

Originally posted by: anno
forget the penalty.. I mean don't but move past that just for this minute and notice they charged you 48 dollars of interest because you gave them 29 dollars too much?

that's officially insane.

anno

They subtracted the $29 from the penalty and added the interest.

 

[gooseman]

#1, your math is wrong. The total amount you owe is the fine they assesed you MINUS your overpayment plus the interest.

#2. The fine is likely because you underpaid your taxes. If I'm not mistaken, if you owe more than $1,000.00 then they will fine you for underpayment.

 

[MikeyIs4Dcats]

Originally posted by: LikeLinus

Originally posted by: Rage187
You overpaid too much.

I know that sounds rediculous but you can't treat your federal taxes like a piggy bank. Hence the penalty.

WTF are you talking about? I take out 0 deductions (which takes the max out of your paycheck) which means I OVERPAY my taxes and get a refund each year.

Where did you come up with that BS logic?

he is actually right, but they don't penalize you for sums as pitiful as $29. They do penalize you if you withhold a large amount to much (several thousand, etc.)

 

[anno]

Originally posted by: gooseman
#1, your math is wrong. The total amount you owe is the fine they assesed you MINUS your overpayment plus the interest.

#2. The fine is likely because you underpaid your taxes. If I'm not mistaken, if you owe more than $1,000.00 then they will fine you for underpayment.

oh. well.. that sorta makes sense. ignore me.

anno

 

[vrbaba]

there is something wrong here. you either paid ur Owed amount late or something.
yes, its ridiculous, but things just dont get messed up automatically..... Oh wait, its the government, nm.

Talk to someone, i dont know who

 

[HJB417]

Ok, I read the back and they said they fined me $190.21 for filing and paying late and $49.31 for paying late. This also baffles the hell out of me, well not as much as the line items listed on the 1st page. I don't even get how they fine my twice for supposedly paying late.

On the day taxes had to be mailed out (april 15th), I efiled using turbotax and my fed taxes got rejected and I was told I had until Oct 15 to refile which is what I did using h&r block online. I mailed the check to the irs on october 17th using the amount calulated by h&r blocks automated online tax service.

 

[MikeyIs4Dcats]

Originally posted by: HJB417
Ok, I read the back and they said they fined me $190.21 for filing and paying late and $49.31 for paying late. This also baffles the hell out of me, well not as much as the line items listed on the 1st page. I don't even get how they fine my twice for supposedly paying late.

On the day taxes had to be mailed out (april 15th), I efiled using turbotax and my fed taxes and they got rejected and I was told I had until Oct 15 to refile which is what I did using h&r block online. I mailed the check to the irs on october 17th using the amount calulated by h&r blocks automated online tax service.

ah...so you're just a moron....

 

[HJB417]

Originally posted by: MikeyIs4Dcats

Originally posted by: HJB417
Ok, I read the back and they said they fined me $190.21 for filing and paying late and $49.31 for paying late. This also baffles the hell out of me, well not as much as the line items listed on the 1st page. I don't even get how they fine my twice for supposedly paying late.

On the day taxes had to be mailed out (april 15th), I efiled using turbotax and my fed taxes and they got rejected and I was told I had until Oct 15 to refile which is what I did using h&r block online. I mailed the check to the irs on october 17th using the amount calulated by h&r blocks automated online tax service.

ah...so you're just a moron....

possibly, but I blame h&r block's software. I don't know how to taxes which is why I paid $100 for their online service. go figure.

 

[MikeyIs4Dcats]

Originally posted by: HJB417

Originally posted by: MikeyIs4Dcats

Originally posted by: HJB417
Ok, I read the back and they said they fined me $190.21 for filing and paying late and $49.31 for paying late. This also baffles the hell out of me, well not as much as the line items listed on the 1st page. I don't even get how they fine my twice for supposedly paying late.

On the day taxes had to be mailed out (april 15th), I efiled using turbotax and my fed taxes and they got rejected and I was told I had until Oct 15 to refile which is what I did using h&r block online. I mailed the check to the irs on october 17th using the amount calulated by h&r blocks automated online tax service.

ah...so you're just a moron....

possibly, but I blame h&r block's software. I don't know how to taxes which is why I paid $100 for their online service. go figure.

well, besides that issue YOU PAID YOUR TAXES 2 DAYS LATE.

 

[allisolm]

Originally posted by: gooseman
#1, your math is wrong. The total amount you owe is the fine they assesed you MINUS your overpayment plus the interest.

#2. The fine is likely because you underpaid your taxes. If I'm not mistaken, if you owe more than $1,000.00 then they will fine you for underpayment.

I think you get fined for underpaying the taxes by 20% or more, which he definitely did..