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View Poll Results: Who has done their taxes so far, getting a refund or not
NOT turned in my taxes yet, I am expecting a REFUND 2 6.90%
Have NOT turned in my taxes yet, I am expecting to OWE money 4 13.79%
Have turned in my taxes, I am expecting a REFUND 16 55.17%
Have turned in my taxes, I am expecting to OWE money 7 24.14%
Voters: 29. You may not vote on this poll

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Old 04-14-2008, 08:50 PM   #1
TripletDaddy
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Originally Posted by cougjunkie View Post
I filed an extension, I just did my taxes from 2005 and 2006, so I am at least two years out on 2007. Yes I will owe.
You do realize that an extension is only an extension to file, not to pay? If you owe for 2005 and 2006, you will have to pay penalties.
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Old 04-14-2008, 09:02 PM   #2
cougjunkie
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You do realize that an extension is only an extension to file, not to pay? If you owe for 2005 and 2006, you will have to pay penalties.
I already paid those penalties and my 2005 and 2006 taxes. I send in an estimated tax payment when I file my extension, I was just joking with Drum, like you said earlier the penalties are pretty minimal.

I try to send in estimated tax payments quarterly.
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