im in sales and over the last few years i have been paying a lot in taxes so i can get big returns...this last year i decided to claim more to have the money now as opposed to later...i think i may owe (not sure yet)...if i do, do i pay right there w/ my tax guy or does the IRS send me a bill???
trying to plan ahead...thanks!
2007-03-16 10:50:00 · 4 answers · asked by FIGHT ON! 4 in Business & Finance ➔ Taxes ➔ United States
You pay what you owe when you send in your tax return. If you don't pay by April 17, you will start accruing interest and penalties.
2007-03-16 10:56:20 · answer #1 · answered by Lisa A 7 · 4⤊ 1⤋
If you file a paper return, attaching a check to the return is preferred. You can pay with a credit card though 1 of 2 service providers. Both charge a fee for their service. Technically, the payment is due on or before the date the return is due.
2007-03-16 12:36:25 · answer #2 · answered by STEVEN F 7 · 0⤊ 2⤋
if you have a tax person - then they will be able to compute what you owe - and it it to be sent and postmarked by Apr 17
I did my own a few years back and there was a provision to let the IRS figure your taxes - if you filled the form out to a certain line - they would complete it and send it back
I owed taxes that year - so I decided to tkae them up on the offer - I sent in my paperwork on Apr 15 - their letter got back May 30 - monies due June 15 - - - I got an 8 week FREE extension - thanks IRS
but why don;t we keep - everything - and abolish the IRS !
2007-03-16 11:00:42 · answer #3 · answered by tom4bucs 7 · 0⤊ 3⤋
irs will automatically deduct what ever you owe them on you refund...but if your refund its not a lot to cover up what you owe them..they will send you a letter....but make sure you respond to them...cuz if not i'm pretty sure the interest will grow and will totally double the amount u owe them!!!
good luck
2007-03-16 11:07:41 · answer #4 · answered by angel 6 · 0⤊ 3⤋