Re: $4200 & not getting into trouble... - Saab General Bulletin Board - Saabnet.com
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First time I bought a house (20 years ago), I did the tax arithmetic early, & changed my witholding to about 10 dependants for the remainder of the year. I didn't want to give an interest-free loan to the IRS.
Early next year, I turned in another W-4, the company lost it, & I was stupid enough NOT to notice. After THAT year, I owed about $1700 & was supposed to pay a penalty. The IRS penalty calculation was a simple interest calculations, at least back then... You fill out the penalty form, then if you've got a good excuse for why it happened, you're supposed to write a letter explaining it, & don't pay the penalty. I never heard back, so I guess it was OK.
Posts in this Thread:
- So, how big are your tax refunds?, TheKillerPenguin, Tue, 22 Mar 2005 18:10:06
- About $4,000 without cheating and without a house. n/m, J, Wed, 23 Mar 2005 12:03:34
- Re: So, how big are your tax refunds?, nypb, Wed, 23 Mar 2005 11:28:56
- My first refund as a home owner--OH YEAH!!! $4K (-), elGT, Wed, 23 Mar 2005 06:42:06
- I don't understand the logic, if you are getting a ...., TKC, Wed, 23 Mar 2005 05:57:23
- $4200, jc, Wed, 23 Mar 2005 05:43:58
- I usually get back 5K or more., Jeff Cunningham, Wed, 23 Mar 2005 05:15:38
- Too Big. Need to change withholdings, Schu, Wed, 23 Mar 2005 04:38:08
- I don't think I have ever had a net refund, saw, Tue, 22 Mar 2005 19:37:18
- 0, I hope, ChuckD , Tue, 22 Mar 2005 19:10:43
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