PDA

View Full Version : Tax PSA


Hamhock
4/16/2007, 10:13 AM
One of the most common misconceptions amongst taxpayers is that an extension filed today is an extension of payment.

If you're gonna owe taxes when you get around to filing your 2006 return, those taxes are due TODAY.

While it is possible to file an extension of time to FILE, this is not an extension of time to PAY.

If you're gonna owe, take a guess at how much and send it with your extension. Failure to do so will result in penalties and interest.
Okla-homey
4/16/2007, 11:25 AM
I think people should be able to pay what they owe with a credit card. :D

Why should the gubmint get off requiring cash when no one else does? Hmm?
ChickSoonerFan
4/16/2007, 11:28 AM
I have a question...I was told once that if I was due a refund, I did not need to file an extension. Is that true or will I still be penalized if I do not file?

I heard we get an extra day due to some holiday in Washington DC
Hamhock
4/16/2007, 11:52 AM
I think people should be able to pay what they owe with a credit card. :D

Why should the gubmint get off requiring cash when no one else does? Hmm?


you can pay what you owe with a credit card. the fees are steep, but it can be done.
Hamhock
4/16/2007, 11:57 AM
I have a question...I was told once that if I was due a refund, I did not need to file an extension. Is that true or will I still be penalized if I do not file?

I heard we get an extra day due to some holiday in Washington DC


true
ChickSoonerFan
4/16/2007, 12:04 PM
true

Which is true

A) I don't have to file an extension

B) I will still be penalized

C) An extra day

or a combination of them?
colleyvillesooner
4/16/2007, 12:05 PM
Yes
Hamhock
4/16/2007, 12:06 PM
Which is true

A) I don't have to file an extension

B) I will still be penalized

C) An extra day

or a combination of them?


a. true
b. false
c. moot
ChickSoonerFan
4/16/2007, 12:12 PM
a. true
b. false
c. moot

Now you are just trying to confuse me. :confused:











Kidding..I get it now...thanks. :D
Hamhock
4/16/2007, 12:14 PM
but...knowing you're getting a refund and not filing doesn't make a lot of sense. i assume you're still waiting on info??
ChickSoonerFan
4/16/2007, 12:16 PM
Yes...I need some information for child care expenses...and I can't find my youngest daughter's social security number.