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Forum » Anybody ever skip a year of filing taxes?
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Thread: Anybody ever skip a year of filing taxes?

post 1610549991 07-14-2020, 08:12 AM
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Anybody ever skip a year of filing taxes?

Taxes are due tomorrow and I haven't even started. I'm tempted to just say "f it" and skip it this year.

How badly is the gubment gonna rape me if I do?
post 1610550081 07-14-2020, 08:13 AM
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You will get rektd next year when you do file.

IRS does not fuk around with audits
post 1610550191 07-14-2020, 08:15 AM
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nice try IRS, nice try
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post 1610550571 07-14-2020, 08:20 AM
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You can file for an extension until 15 Oct.

And to answer your question, hell naw. If you owe the IRS money you will have to pay it + penalties + interest. If the IRS owes you money they will basically tell you to **** off and fine you.
post 1610551401 07-14-2020, 08:31 AM
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I think if you skip it, its a lot more headache and have to pay 5% more for each month. I think the maximum is 25%

I did mine on turbotax and it was pretty quick...they took all my info from Paylocity without me needing to fill it all out.

Fukn stupid that they know how much you already need to owe but have to jump through hoops with the process. They might as well just bill me how much i owe
post 1610551731 07-14-2020, 08:35 AM
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What do you mean file taxes? Don't they just take taxes out when you purchase things? Never filed anything before...
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post 1610551891 07-14-2020, 08:37 AM
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Dude what is wrong with you, just pay some one to do your taxes. Pay my guy 85 bucks each year and I don't have to do chit and I get great returns.
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post 1610551921 07-14-2020, 08:37 AM
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TFW ended up owing NYS $1K in taxes because I worked in NJ and income tax in NJ is slightly lower.

Not going to lie, I'm so very glad to be moving to TX.
post 1610552041 07-14-2020, 08:39 AM
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If you will be getting a refund, its not a big deal...if you are going to be owing, then you will be facing penalties.

Just use turbo tax..its pretty easy and free..mine was a bit more complicated than usual and spent $60 for the deluxe version. The hardest part is getting your 2018 AGI if you dont already have it but that just requires making a login to the IRS site and getting a copy of your transcript..the rest is just answering the turbo tax questions.

Theres several free options to file but I would recommend turbo tax, its pretty simple and easy.
Originally Posted By TypeNirvash⏩
TFW ended up owing NYS $1K in taxes because I worked in NJ and income tax in NJ is slightly lower.

Not going to lie, I'm so very glad to be moving to TX.
Enjoy your new property taxes
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post 1610552441 07-14-2020, 08:44 AM
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Due dates are for owing taxes as paying them on time to avoid penalties and interest. If they owe you money and you would be getting a refund, they couldn't care less when you file or if you ever file. However if they do owe you money and you will want to get your refund eventually waiting can make it more difficult becuase tax software and websites are only set up to do this years taxes. If you file in December and they owe you money you will have no issues or penalties at all.
post 1610553721 07-14-2020, 08:56 AM
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Extend it idiot. I pushed mine back.
ok
post 1610554251 07-14-2020, 09:04 AM
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Originally Posted By esmile⏩
Extend it idiot. I pushed mine back.
Yea, that's what I just did.

Whew! Glad that's out of the way....
post 1610554471 07-14-2020, 09:07 AM
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Originally Posted By WWE-TicK⏩
Yea, that's what I just did.

Whew! Glad that's out of the way....
Damn if I extend it I probably won’t do it until October
watchout your comments boyo ↓
post 1610554551 07-14-2020, 09:08 AM
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Originally Posted By HalfDragon⏩
You can file for an extension until 15 Oct.

And to answer your question, hell naw. If you owe the IRS money you will have to pay it + penalties + interest. If the IRS owes you money they will basically tell you to **** off and fine you.
They dont fine you, you will get your return, it will just take forever. Cant do it online and have to do it mail in only. You have 4 years to file past the due date otherwise they keep the money and you should still file to make sure its sorted, so if you had carry over losses or anything from that year its not all fuked up.



edit - this is for federal, not sure of state rules. no state taxes crew.


source: procrastinator crew
post 1610554671 07-14-2020, 09:09 AM
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Nice try, IRS
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post 1610554701 07-14-2020, 09:09 AM
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you will skip a heartbeat when they send you that letter demanding double of what you owed
post 1610554781 07-14-2020, 09:10 AM
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Waited til last minute once, went oh chit.
Did them super fast and quick, return was gonna be small, said fuk it and submitted anyways

Government ended up giving me the full amount I would have gotten if I filed them properly anyway lmao, literally 2.5x what I asked for.

Thanks canada?
post 1610554881 07-14-2020, 09:12 AM
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Originally Posted By ThaRoostah⏩
Due dates are for owing taxes as paying them on time to avoid penalties and interest. If they owe you money and you would be getting a refund, they couldn't care less when you file or if you ever file. However if they do owe you money and you will want to get your refund eventually waiting can make it more difficult becuase tax software and websites are only set up to do this years taxes. If you file in December and they owe you money you will have no issues or penalties at all.
You can still use the previous years turbotax if you purchased them, idk if they sell old versions still or not. There is a 4 year limit otherwise you aint getting the return and as some returns depend on previous year data if you dont have an approved return from all previous years it could mess things up. If you only have a w2 and maybe bank interest then it wouldnt matter but for carry over losses and stuff they might be hitting you with more questions.
post 1610555011 07-14-2020, 09:13 AM
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Originally Posted By Auraria⏩
Dude what is wrong with you, just pay some one to do your taxes. Pay my guy 85 bucks each year and I don't have to do chit and I get great returns.
yeah not everybody gets paid out by the government if you didnt already know that. im in no hurry to write a fat check to the government tomorrow.
post 1610555071 07-14-2020, 09:14 AM
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Originally Posted By Shysty021⏩
I think if you skip it, its a lot more headache and have to pay 5% more for each month. I think the maximum is 25%

I did mine on turbotax and it was pretty quick...they took all my info from Paylocity without me needing to fill it all out.

Fukn stupid that they know how much you already need to owe but have to jump through hoops with the process. They might as well just bill me how much i owe
The only reason we really need to do anything is to tell them what they don't know on the deductions side. If you only get the standard deduction they could do it all themselves based on employer W2 submissions but like I said it's different if you itemize.
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post 1610555081 07-14-2020, 09:14 AM
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Originally Posted By WWE-TicK⏩
Yea, that's what I just did.

Whew! Glad that's out of the way....
Originally Posted By iwant2beswole⏩
Damn if I extend it I probably won’t do it until October
extension just gives you extra time to file, if you owe money it doesnt give you an extension on that. if they owe you money youre good. Should atleast do a ballpark quick run to make sure looks like you dont owe money.
post 1610555091 07-14-2020, 09:14 AM
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Originally Posted By elterrible987⏩
You can still use the previous years turbotax if you purchased them, idk if they sell old versions still or not. There is a 4 year limit otherwise you aint getting the return and as some returns depend on previous year data if you dont have an approved return from all previous years it could mess things up. If you only have a w2 and maybe bank interest then it wouldnt matter but for carry over losses and stuff they might be hitting you with more questions.
There are also lots of free alternatives to turbotax now that work exactly the same,https://www.turbotaxsucksass.com/is one option
post 1610555121 07-14-2020, 09:14 AM
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It's really not that hard.

Free fillable forms is the easiest approach in my opinion if you know what you are doing
post 1610555131 07-14-2020, 09:14 AM
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Yeah we never file on time lol. Last time it was like three years but we did ask for extension, though.
post 1610555321 07-14-2020, 09:16 AM
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Its not as bad as some people here are making it out to be, so long as you are a normal guy working a normal job. Just make sure to file it soon and don't wait too long.

That being said it should only take 30 minutes to file, so I'm not sure why you can't just do it.
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post 1610555421 07-14-2020, 09:17 AM
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Originally Posted By Shayded⏩
There are also lots of free alternatives to turbotax now that work exactly the same,https://www.turbotaxsucksass.com/is one option
my old stuff is all on there and it moves it over every year. I have back dated returns, once I sort out my chit then theres no reason I cant use something free these days since I dont have the same complexities anymore.
post 1610555511 07-14-2020, 09:18 AM
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Originally Posted By wesleysh21⏩
Its not as bad as some people here are making it out to be, so long as you are a normal guy working a normal job. Just make sure to file it soon and don't wait too long.

That being said it should only take 30 minutes to file, so I'm not sure why you can't just do it.
Esp since the avg breh gets a refund. Tfw you owe every year
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post 1610558991 07-14-2020, 09:51 AM
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Originally Posted By JoshSP1985⏩
The only reason we really need to do anything is to tell them what they don't know on the deductions side. If you only get the standard deduction they could do it all themselves based on employer W2 submissions but like I said it's different if you itemize.
I thought with the new tax plan you can only itemize if ur like a teacher, artist/musician, military, and something else or 1099

I used to be able to itemize stuff but not anymore
post 1610559151 07-14-2020, 09:52 AM
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post 1610559391 07-14-2020, 09:55 AM
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You can do a lot of sketchy things but fukking with the government and their money is never a good idea. They will go in dry on you.
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