WITAXLADY Posted October 10, 2019 Report Share Posted October 10, 2019 had him bring it in - it was for a $6.00 owed and $350 interest and $350 penalty for non-payment from 2012! How do you ask for that to be abated? I did not do his taxes then so I have no clue what his taxes looked like - from the last 3 years - he does gravel work so files late after summer when he has money and pays then so I cannot ask saying paid timely? D Quote Link to comment Share on other sites More sharing options...
FDNY Posted October 10, 2019 Report Share Posted October 10, 2019 Maybe a first time abatement? Since he does gravel and files late he could grovel for forgiveness. 1 3 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted October 10, 2019 Report Share Posted October 10, 2019 Groan! 2 3 Quote Link to comment Share on other sites More sharing options...
JohnH Posted October 11, 2019 Report Share Posted October 11, 2019 Sounds like a rock-solid plan to me. 5 Quote Link to comment Share on other sites More sharing options...
WITAXLADY Posted October 16, 2019 Author Report Share Posted October 16, 2019 double groan.. 1 Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted October 16, 2019 Report Share Posted October 16, 2019 He shale overcome, but make sure he doesn't take you for granite. 3 Quote Link to comment Share on other sites More sharing options...
Max W Posted October 16, 2019 Report Share Posted October 16, 2019 All joking aside, the numbers look to be way out of whack. Six dollars at 6% would double in 12 years. The late payment penalty of 0.5 %/m maxes out at 25%. There one of two possibilities; the amounts were miscalculated; or, they are related to something else, such as estimated tax penalty. Before doing anything else, I suggest that a copy of the Account Transcript be obtained for that year. The transcript will show what the penalty is for and when it was applied. 2 Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted October 16, 2019 Report Share Posted October 16, 2019 Is it possible that he originally owed much more, and part of the tax, penalty and interest have already been paid? This is what remains. I agree with Max that you need to look at the Account Transcript to see what actually happened. I just never could resist a bad pun. 2 Quote Link to comment Share on other sites More sharing options...
Max W Posted October 17, 2019 Report Share Posted October 17, 2019 Although, interest keeps accruing, it only gets posted periodically, maybe every couple of years, or when some event triggers it. Quote Link to comment Share on other sites More sharing options...
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