gwalchmai Posted April 15, 2020 Share Posted April 15, 2020 Today is April 15, what those of us who pay income taxes refer to as Tax Day (also my Mom's birthday, but that's another story). So my question to y'all is, are you going to file your taxes today or take advantage of what I'm going to call The Great COVID Weasle? Me, I have my taxes done and the money allocated to pay the IRS (and a hefty chunk it is, too), but in deference to the Founders of our great nation I'm going to wait until the eleventh hour of July 15, because the President says I can. 1 1 Link to comment Share on other sites More sharing options...
railfancwb Posted April 15, 2020 Share Posted April 15, 2020 I have not been clear about exactly what was postponed to July 15. I know the cash payment deadline was moved, but don’t know whether the return filing deadline was also moved. The regular automatic extension to October 15 covers the return filing itself, but cash payment of estimated remaining tax is due with the filing request for automatic extension. And I don’t know whether any special form is required to accept the extended deadline. Link to comment Share on other sites More sharing options...
railfancwb Posted April 15, 2020 Share Posted April 15, 2020 Oh... and I don’t know how this July 15 business affects penalty and interest when withholding and Quarterly estimated payments were massively less than the final tax as calculated. Form 2210 is used to calculate these. Good luck trying to research or download that form today. Link to comment Share on other sites More sharing options...
gwalchmai Posted April 15, 2020 Author Share Posted April 15, 2020 https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020 Link to comment Share on other sites More sharing options...
RenoF250 Posted April 15, 2020 Share Posted April 15, 2020 I was owed as usual so I filed awhile ago and have been paid. Link to comment Share on other sites More sharing options...
Historian Posted April 15, 2020 Share Posted April 15, 2020 I owe! I owe! So off to work i go! Usually like to have my annual IRS involved rectal exam done early in the season. That way i can spend the rest of the year recovering, if i am lucky. I do a modest amount of contract work on the side. The money is good. The taxes wipe us out. Link to comment Share on other sites More sharing options...
gwalchmai Posted April 15, 2020 Author Share Posted April 15, 2020 35 minutes ago, Historian said: I owe! I owe! So off to work i go! Usually like to have my annual IRS involved rectal exam done early in the season. That way i can spend the rest of the year recovering, if i am lucky. I do a modest amount of contract work on the side. The money is good. The taxes wipe us out. I just put 30% of everything into a separate savings acct. Usually taxes are a bit less than that so I wind up with a surplus (not to mention that big interest money...) Link to comment Share on other sites More sharing options...
Historian Posted April 15, 2020 Share Posted April 15, 2020 1 hour ago, gwalchmai said: I just put 30% of everything into a separate savings acct. Usually taxes are a bit less than that so I wind up with a surplus (not to mention that big interest money...) Sadly, my little side-gig....produces enough to help but not enough to really make it worth it more than being a hobby. I try to do something similar to you...just not quiet as much of a percentage. But let's just put it this way. Anyone who works for themselves is basically screwed by the IRS. 2 Link to comment Share on other sites More sharing options...
ASH Posted April 15, 2020 Share Posted April 15, 2020 30 minutes ago, Historian said: Sadly, my little side-gig....produces enough to help but not enough to really make it worth it more than being a hobby. I try to do something similar to you...just not quiet as much of a percentage. But let's just put it this way. Anyone who works for themselves is basically screwed by the IRS. spoken for troof . ive been corn holed so long with taxes my ass has got used to being sore . Link to comment Share on other sites More sharing options...
willie-pete Posted April 15, 2020 Share Posted April 15, 2020 Great Covid Weasel here; I owe beaucoup bucks. 1 Link to comment Share on other sites More sharing options...
Historian Posted April 15, 2020 Share Posted April 15, 2020 47 minutes ago, ASH said: spoken for troof . ive been corn holed so long with taxes my ass has got used to being sore . Yeah. I worked as a freelance copy editor for the New York Times for 10 years. I loved the job. The journalists i worked with thought i was an oddity because of my "day job." But our editor liked me. Maybe because we both liked good Scotch. Maybe it's because i didn't bitch like some of the other professional journalists. Anyway. I loved working for the mullet wrapper and any other jobs they had me edit. It was much fun. I miss the job some days. Getting two fresh papers with went ink direct from the press was fun. But every year I'd get nailed in taxes because of it. I made good money at that job. But i was on my own for taxes. Every year I'd do my taxes, pay my fines, and go buy a bottle of tax relief. Link to comment Share on other sites More sharing options...
janice6 Posted April 16, 2020 Share Posted April 16, 2020 13 hours ago, gwalchmai said: Today is April 15, what those of us who pay income taxes refer to as Tax Day (also my Mom's birthday, but that's another story). So my question to y'all is, are you going to file your taxes today or take advantage of what I'm going to call The Great COVID Weasle? Me, I have my taxes done and the money allocated to pay the IRS (and a hefty chunk it is, too), but in deference to the Founders of our great nation I'm going to wait until the eleventh hour of July 15, because the President says I can. Don't give up your money until you are sure the holdup man is going to shoot! 1 Link to comment Share on other sites More sharing options...
Historian Posted April 16, 2020 Share Posted April 16, 2020 2 hours ago, janice6 said: Don't give up your money until you are sure the holdup man is going to shoot! I am often less concerned with the ability of most to shoot...than i am with lawyers who can file paper. 2 1 Link to comment Share on other sites More sharing options...
janice6 Posted April 16, 2020 Share Posted April 16, 2020 11 hours ago, Historian said: I am often less concerned with the ability of most to shoot...than i am with lawyers who can file paper. It was a metaphor. Link to comment Share on other sites More sharing options...
Historian Posted April 16, 2020 Share Posted April 16, 2020 1 hour ago, janice6 said: It was a metaphor. So, I shot him. (sorry, had to say it) 1 Link to comment Share on other sites More sharing options...
railfancwb Posted April 16, 2020 Share Posted April 16, 2020 14 hours ago, Historian said: I am often less concerned with the ability of most to shoot...than i am with lawyers who can file paper. Two lawyers can get rich in a town where only one lawyer would starve. 1 Link to comment Share on other sites More sharing options...
Historian Posted April 16, 2020 Share Posted April 16, 2020 1 hour ago, railfancwb said: Two lawyers can get rich in a town where only one lawyer would starve. Until one eats the other. 1 Link to comment Share on other sites More sharing options...
Mrs.Cicero Posted April 16, 2020 Share Posted April 16, 2020 I'm sure we owe because the university screws up the withholding every year. But I've been busy and haven't bothered to waste three days of work time in front of the computer cursing at the IRS yet. I'll probably start on it tomorrow, unless the neighbor needs help shoveling horseshit, which is always more fun than doing taxes... 1 1 Link to comment Share on other sites More sharing options...
Historian Posted April 17, 2020 Share Posted April 17, 2020 7 hours ago, Historian said: So, I shot him. (sorry, had to say it) He was on the verge of dangling a participle. Word crimes. Some people... 1 Link to comment Share on other sites More sharing options...
railfancwb Posted April 17, 2020 Share Posted April 17, 2020 Is it merely coincidence that the normal tax due date (April 15) is the anniversary of tge sinking of the Titanic? 1 Link to comment Share on other sites More sharing options...
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