FT Wrote:
Vic Da Baron LooGAR Wrote:
FT Wrote:
I want some miracle to transpire that will enable me to pull the $400 out of my ass needed to pay my income taxes by 4/15. Kinda sucks now that I've got the ideal situation vis-a-vis girlfriend out of my league that I could be facing time in the pokey (or at least have my pitiful wages garnisheed.)
FYI, any Obs interested in becoming a loan shark, allow me to volunteer as your introductory chum. I have plenty of kneecaps and such just waiting to be broken, so what are you waiting for???
Is this for FY '10?
If so, file an extension, which I believe you can do on irs.gov or through turbotax or whatever, and then pay what you can right then, even if it's $50. The extension gives you until 10/15 and you do incur interest, but I really think it's whatever the going rate for borrowing is, so what .25%?
If it's a debt owed, call them and "play" poor and ask about setting up a payment plan. Put on your thickest Texas drawl while doing so.
Thanks for the info! Yeah, it's for FY2010. Everything I could find on the IRS website basically said pay up in full OR ELSE. And that extensions are only for filing and not for paying, etc.
Too bad they don't give everyone a rolling two-year window, to where if I owe $400 this year but have $600 coming in a refund next year, they could just deduct the $400 then and send me $200. Of course, that ain't how big GUBMINT works.
Dude. Don't sweat it. Assuming you don't have any leftover shit you didn't disclose, just file. They really only care if you don't file. So file, no matter what. If you can send them a partial payment, do that.
In 4-6 weeks, they will send you a bill. You can either pay it then, or wait again. Then they will send you another bill, and eventually they will bug you to pay or get a payment plan. I'm pretty sure as long as you don't owe Snipes/Willie money, and it's just for the current year, and you aren't already on a plan, they will take whatever you offer, and you can pretty much set your payment amount. Make it something super manageable, and just pay extra when you can. This is the IRS, not a credit card at 29% APR. The interest is negligible.
The link below has info. It says a $105 one-time fee, which is a big chunk for $400, but I don't remember paying that*. You can only have one payment plan at a time, but other than that, it's super simple. I fouled up on my withholding a few years ago on a contract, and I set my payments low ($100 maybe?) and just doubled them up as often as I could.
IRS LINK. FAQ on payment plans*EDIT: I re-read the link. It used to be $43, but now it is $105 unless you do direct debit, in which case it is $52.