Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-05-2015, 07:16 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Jan 2014
Posts: 1,317
Quote:
Originally Posted by Sojourner View Post
I like to consider myself semi-retired, as I still do some consulting work on a part-time basis for a few different clients. And I agree -- I am not going to let it get under my skin considering the fairly small amount of money involved. Like I said, it's just galling to be fined for something that I know I did correctly. Ultimately, though, it's probably not worth the time, effort, and aggravation to file all the appeals paperwork.
What if it happens again next year and it's more money? I'd appeal and see whose error it was and try to stop it from happening again.
__________________

__________________
splitwdw is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-05-2015, 08:41 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,873
DW just got a license plate renewal notice in the mail for her Honda CRV - $1650. According to the online calculator it should be $140. Should be an interesting conversation at the DMV.
__________________

__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 07-05-2015, 08:44 AM   #23
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,412
Quote:
Originally Posted by travelover View Post
DW just got a license plate renewal notice in the mail for her Honda CRV - $1650. According to the online calculator it should be $140. Should be an interesting conversation at the DMV.
What? That's one heck of a difference. Good luck with this and let us know how it goes.
__________________
MichaelB is online now   Reply With Quote
Old 07-05-2015, 12:20 PM   #24
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Quote:
Originally Posted by Sojourner View Post
Yesterday I received an "Official Assessment and Demand for Payment" from my state's Department of Revenue. They claim that I owe an estimated tax underpayment penalty for 2014. After reading through the letter very carefully and then going back and checking my ET payment records, I'm certain that I did pay all est. taxes on time and this is some sort of clerical error.

However... here's the rub. First, the penalty is only for $25. Second, in order to appeal this, I have to compile a bunch of documentation, fill out some forms, and mail all this to 3 different departments via certified mail. The mailing fees alone will be at least $5 or $6, I'm guessing, not to mention the aggravation and time spent compiling the docs and dealing with the post office.

What really irks me is not the $25, which of course is pretty trivial in the grand scheme. It's just the blatant unfairness of it, when I know I've done everything right and shouldn't owe this penalty at all. I have documented proof that I paid all estimated taxes on time, but the appeals process is so bureaucratic and time consuming that it's really not even worth the effort. If I did appeal, it would be primarily to claim a moral victory over an inept government agency. On the other hand, if I just pay it, then I'm essentially supporting these clowns and their broken process which will likely contribute to its continuing to happen to other innocent taxpayers down the line.

Just curious, what would you do in my situation?
If it is legit, I'd pay it and/or send in copies of your previous payments.

Maybe 2 years ago, my state sent me a notice that I hadn't sent in estimated tax payments. I had sent in 4 quarterly checks, and the amounts were sufficient enough to make me worried they didn't get it (like $800 per check). They asked for copies of the cancelled checks, so I went online and downloaded copies of the cashed checks.

Funny how they suddenly resolved the issue after I sent them copies of the checks! I wonder where the money was credited in the state coffers before they agreed I had paid up??
__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
Old 07-05-2015, 02:42 PM   #25
Thinks s/he gets paid by the post
grasshopper's Avatar
 
Join Date: Oct 2010
Posts: 1,669
TurboTax said I underpaid and added the $10 penalty to my payment to send in. Six weeks later I received a $10 refund from my state. Go figure.
__________________

__________________
For me experiences are not good or bad, just different
grasshopper is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Net impact of living in no-state-tax state ? Delawaredave5 FIRE and Money 46 01-06-2013 08:01 PM
Another House Thread fair value versus tax assessment value sheehs1 Other topics 15 10-08-2012 05:04 PM
Property Tax Assessment.....Suburbs of DC jazz4cash FIRE and Money 17 01-10-2011 11:55 PM
Property Tax Assessment stephenandrew FIRE and Money 11 10-06-2010 08:28 AM
New assessment time! cute fuzzy bunny FIRE and Money 6 03-09-2004 01:53 PM

 

 
All times are GMT -6. The time now is 05:18 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.