The IRS website keeps failing to let me set up my payment plan. I began calling the IRS help line the moment it opened, but it keeps saying it’s busy and I should try later. Doesn’t even put me on hold.
I’ll keep trying every half hour or so, I guess.
Ah - sometimes the system won’t allow you to set it up until after April 15th, apparently. I was under an impression that I’d have to have a payment plan set up by the 15th or incur some additional penalties, but it’s just the case that you begin immediately accruing interest. As long as you’re filed, you’re good. Once you’re on a payment plan you do have to stick to it (I assume by equal payments, maybe you can vary them, we aren’t there yet.)
I was in a similar situation last year and they billed me a small amount.
The plan is to do our taxes on Sunday since Mamasmurf’s busy season is wrapping up.
Thanksfully, I filed and was pretty close to net 0 between owing the state and getting a refund from the feds, which means +/- a 3 digit number. But last year, I owed the fed lots, like you are this year. I thought that the penalties were not very high, but i don’t recall exactly what they were.
My company uses a payroll processer (one of the big ones) and it is really really easy to change withholding online. Like, even I don’t have a problem doing so.
Belongs in the “Bragging about your company” thread.
You may avoid the Underpayment of Estimated Tax by Individuals Penalty if:
Mamasmurf needs to check over everything tonight but I’m showing in turbotax that i owe 8k on the federal. Boo.
Got state refund
Got federal return maybe 6 weeks ago. Then got another 1099 for life policy surrender I forgot about. Couldn’t find the amended return online. Got a note from IRS saying no refund, although I was expecting 3K. Today, I got a check for 3K. Very confusing, but I deposited it right away. Wasn’t even direct deposit which original refund was.
Sounds like someone “on the inside” is trying to look out for people.
Treasury deposited the check I mailed on 4/5 today. That’s pretty quick.
not done with mine yet, going to file an extension, 'cause I had a side business for a couple of years that I’m still using to offset some income. it’s complicated enough that I pay a guy a couple of hundred each year to keep some records and know how to massage some of the rules. back-of-the-envelope calculation suggests I may owe about $1k.
Finally filed, owed $1300 to the feds and $800 to the state. I’ll bump my withholding up just a tad.
Filed mine last night. Owed like 9k between fed and state with a 110 penalty. Ick.
Trudged through last night finally. Childcare expenses keeping the refunds rolling.
The IRS still isn’t recording me as having a balance on their website despite accepting my return, so I’m still not allowed to set up a payment plan. Annoying.
One of these days Vance is coming through
the couch cushions?
I’ve endured a payment plan several times. The IRS is always very slow, both setting it up and acknowledging payments. It’s probably not going to get better soon.
He’s supposed to be a big natalist, but we’ll see