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How many wait until the last minute? I was surprised at how many in my small town do! Two things:
Even if you know you will owe, you can file any time; you don't have to pay until April 15th, and
Even if you file for an extension, if you don't pay by April 15th, they will penalize you.
I know, I thought the same thing: What good is the extension if you still have to pay by 4/15 ??
A few years ago, before I started preparing taxes for others, the IRS had a problem with a return I was filing. I ended up paying...and paying late...and never had any sort of penalty FOR paying late.
I simply made the effort to pay, and discussed with them an installment plan for my tax liability...and there were very responsive.
it's time to protest the IRS. Next year, we should gather in Texas and not pay our taxes. We should cite a declaration as to why we refuse and hold out. If enough people got behind this movement, perhaps we could bring some actual change to this country. You can't get the attention of the bureaucrats until you cut off their money supply. What do you say guys?
A few years ago, before I started preparing taxes for others, the IRS had a problem with a return I was filing. I ended up paying...and paying late...and never had any sort of penalty FOR paying late.
I simply made the effort to pay, and discussed with them an installment plan for my tax liability...and there were very responsive.
May I say, you were one of the lucky ones! Your situation is not the norm.
I dont ever file my taxes by 4/15, and I have have never filed an extension. No, I'm not advising others to do the same, just making a comment..
I was just stating the rules; sometimes, we can dodge those rules. Most of us are not so fortunate......
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