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nixen
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join:2002-10-04
Alexandria, VA
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reply to Stewy85
Re: Why?

said by Stewy85 See Profile :

Why do people wait this long??? You had 4 months to get it done.
Simple: if you've overpaid (i.e., you're due a refund), you file as soon as you get all the requisite forms; if you've underpaid, you do the filling out of your taxes at any point between 01/30 and tax day, then file your forms on tax day. After all, why would you want to pay even one microsecond sooner than you had to?
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TKJunkMail
Enjoy the sun
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join:2002-03-03
Avalon, NJ
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said by nixen See Profile :

said by Stewy85 See Profile :

Why do people wait this long??? You had 4 months to get it done.
Simple: if you've overpaid (i.e., you're due a refund), you file as soon as you get all the requisite forms; if you've underpaid, you do the filling out of your taxes at any point between 01/30 and tax day, then file your forms on tax day. After all, why would you want to pay even one microsecond sooner than you had to?
The two things don't go together when filing your tax return. You can file your return anytime, either on paper or electronically, and then pay at the last minute.

The easiest way is to file electronically EARLY, but set an automatic transfer of the money from your account to the IRS for the last or next to last day. All electronic filing programs allow this.

You can also file your return early on paper, and then mail the separate voucher with your check at the last minute.
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nixen
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Alexandria, VA
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said by TKJunkMail See Profile :

The two things don't go together when filing your tax return. You can file your return anytime, either on paper or electronically, and then pay at the last minute.

The easiest way is to file electronically EARLY, but set an automatic transfer of the money from your account to the IRS for the last or next to last day. All electronic filing programs allow this.

You can also file your return early on paper, and then mail the separate voucher with your check at the last minute.
Dude... There's people out there who's VCRs (yeah, some people still have them) are still blinking 12:00.
--
Everyday, thousands of new cars are delivered to their new owners with poorly-selected radio station presets.

supertech315

join:2006-03-01
Perris, CA
Dude you're the one that needs to wake up. if they're filing with turbo tax they gotta have a vcr and a computer. so some how they can figure that out

GeorgeB100

join:2004-01-10
Saint Charles, IL

reply to nixen
I challenge anyone out there that could point out any investment vehicle that would make it worth it waiting UNTIL THE VERY LAST DAY (as opposed to 24 or 48 hrs before deadline)to file. If you found a stock or a bond or a mutual fund THAT GOOD where you're loosing more than 0.000001 cent by not filing at the last moment, please do let me know!


nixen
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reply to supertech315
said by supertech315 See Profile :

Dude you're the one that needs to wake up. if they're filing with turbo tax they gotta have a vcr and a computer. so some how they can figure that out
There are plenty of people that have computers and use Turbo Tax that haven't a freaking clue. Perfect examples are the ones that pay for the quick or accelerated refund options (which is just a step away from those "payday loans" places).
--
Everyday, thousands of new cars are delivered to their new owners with poorly-selected radio station presets.


nixen
Rockin' the Boxen
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Alexandria, VA
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reply to GeorgeB100
said by GeorgeB100 See Profile :

I challenge anyone out there that could point out any investment vehicle that would make it worth it waiting UNTIL THE VERY LAST DAY (as opposed to 24 or 48 hrs before deadline)to file. If you found a stock or a bond or a mutual fund THAT GOOD where you're loosing more than 0.000001 cent by not filing at the last moment, please do let me know!
For many, "it's the principal" of giving up the money before you absolutely have to.
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Everyday, thousands of new cars are delivered to their new owners with poorly-selected radio station presets.

jsouth
Jsouth

join:2000-12-12
Wichita, KS
reply to GeorgeB100
Some people may not have the money to pay until then also.
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Bush bashing is old. How about more solutions instead?

GeorgeB100

join:2004-01-10
Saint Charles, IL
reply to nixen
Absolutely. But when due to abiding by this principle, to the extreme, you risk hurting your bottom line, I don't believe it's a smart thing to do.
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