No. of Recommendations: 1
Yes, I could have avoided the penalties & interest if I'd been able to file, and pay, my taxes on time. But I wasn't. Part of what happened was my Dad passed away in the middle of December and by April I was still a wreck, not to mention that I hadn't had any mural work since the first couple weeks of January, so my income was half what it had been; plus, I'd been forced to use most of the money I'd saved for my taxes, to pay the deductible & other costs of an auto accident I was in last year.

If I'd had an adequate e-fund this would not have been a problem, but I built only the tax fund and no e-fund while I had real money coming in. I went out to dinner a lot instead, and frittered away I know not how much. Duh.

So it is that I have penalties and interest to pay, which actually amounted to about $130, but a slight overpayment of my taxes took care of the first $60.

This won't happen again if I can help it. Also, I'm going to find a different accountant. I love my old one, but he's in Tampa (2 hours away), and I just have a gut feeling that somehow he's...slipping a little. I already wondered about that, and the fact that I overpaid according to the IRS makes me think it's time to start looking for someone else.

Now...I have got to return a phone call from ANOTHER person looking for a mural! :-) Sweet.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.