LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Any accountants here? income tax related

Posted By Message

MeeshkaMich
LL=Yum

Member since 2/06

5616 total posts

Name:

Any accountants here? income tax related

I can't get a hold of my accountant the last few days.

Everything is ready to be mailed, and I owe money so check is ready. Usually she always had everything preped for me incl. the envelopes for mailing, but I noticed this time in addition there are these tax estimated payment vouchers

says due dates april 16, june 15, sept. 17, and jan. 15.

there are 4 of them and when added up they total a dollar less than what i owe.

my question is what are these vouchers am i supposed to mail them? Are they just if I want to do a payment breakdown of what I owe?

Posted 4/10/07 9:50 AM
 
Long Island Weddings
Long Island's Largest Bridal Resource

BriBri2u
L'amore vince sempre

Member since 5/05

9320 total posts

Name:
Mrs. B

Re: Any accountants here? income tax related

Ususally people pay estimates throughout the year to avoid having to pay a large sum the following year. It is like covering yourself from having to come up with a large amount at once.

Posted 4/10/07 9:55 AM
 

Christine
2nd verse same as the 1st

Member since 5/05

15287 total posts

Name:

Re: Any accountants here? income tax related

The estimated tax vouchers are for paying your 2007 taxes in addition to what you owe with your 2006 return.

Posted 4/10/07 9:57 AM
 

JerseyMamaOf3
Boo!

Member since 6/05

15144 total posts

Name:

Re: Any accountants here? income tax related

The estimates are for you taxes for next year. It's so you don't owe as much. Write the check out for the amount due on the vachour for each period and mail it when it is due. If the address is the same as to where you mailing your return then just staple the check and vachour together but make sure to make a copy of both. That is very important. Also it is very important to write in the memo section the SS#, form # on the vachour and 2007 for that tax year.

Hope that helps.

Posted 4/10/07 9:59 AM
 

MeeshkaMich
LL=Yum

Member since 2/06

5616 total posts

Name:

Re: Any accountants here? income tax related

ok i'm a little confused. The vouchers are for next year, these are estimates of what I "might" owe for 2007?

Do I have to make these payments though, or I can pay at the end again? I only ask because the reason I owe is because my tuition cost used was added to my salary since I get free tuition but I'm taxed on it. I won't have as many classes this year though since I'm almost done, so I shouldn't have to owe for 2007.

Posted 4/10/07 10:03 AM
 

Michelle
My Little Yankee Fans

Member since 1/06

4018 total posts

Name:

Re: Any accountants here? income tax related

The govt will give you a penalty if you pay all at the end of the year. They want their money quarterly so making those payments will ensure you of not getting a penalty.

Posted 4/10/07 10:10 AM
 

MeeshkaMich
LL=Yum

Member since 2/06

5616 total posts

Name:

Re: Any accountants here? income tax related

Posted by Michelle

The govt will give you a penalty if you pay all at the end of the year. They want their money quarterly so making those payments will ensure you of not getting a penalty.



penalty really? Was that added in already to what I currently owe? Or will this be separate?

Posted 4/10/07 10:29 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Tax related deduction question.... CaseyGirl 1/8/07 3 Families Helping Families ™
Tax related question KPtoys 12/29/06 1 Families Helping Families ™
just curious...income related PrincessP 9/18/06 24 Families Helping Families ™
Anyone get back their income tax refund yet? LaPetiteSirène 2/21/07 25 Families Helping Families ™
NYC income tax question MissJones 4/17/06 1 Families Helping Families ™
Question about Income Tax. danielleandscott 2/28/06 7 Families Helping Families ™
 
Quick navigation:   
Currently 51344 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows