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Financial Planning / Tax Strategies


Subject:  Re: tax extension question Date:  4/3/2013  10:36 PM
Author:  vkg Number:  118262 of 123001

If I input all the info I have into TURBOTAX which shows me that the IRS owes me a refund of $3,000 and I file an extension with a check for $6,000 (just to cover myself in case I made a date entry mistake), is my estimate not reasonable ?

$3,000 refund is a significant buffer. There is also a 10% buffer for the late payment penalty.