You could file for an extension…for up to 6 months! Just make sure you don’t owe anything because you will still be penalized for any outstanding amounts, plus interest.
Unlike me, you really don’t know what real procrastination is.
Yeticus Rex
(whose CPA automatically files my extensions for me for the last 3 years)
Yep, that money was spent months ago.
I used to have to file for an extension every year (or rather my CPA did), because the family business in which I am a small shareholder never had their shit done on time. Now they usually manage to stay on top of things, though.
I did mine on the first of January. Got a refund of $9. Best year ever. I work so hard to make my refund as small as possible without owing, I feel like I won the lottery.
Well, at least with the feds. I owed Pennsylvania. $6.
I had enough left to get a Blizzard. Worked for me.
I’m still waiting for my statement from my 401k telling me I lost a fucking lot of money last year so that I can break even instead of owning a few hundred, like my tax program is currently estimating.
Did my taxes a bit less than a week ago. Between my state & federal, I owe over half a grand (even though I make about twelve cents in salary):
I hold two jobs & make crap at both, but make a nearly decent amount when the two salaries’re put together. Neither job takes out enough during the year, not knowing I’m making more in total than they’re each giving me. Hence, I owe, even though I claim 0 on both. And NY always takes it out of your ass, anyway.
I try to remember that, y’know, I’m getting something for the money… Still burns me.
What do the losses in your 401k have to do with anything? I don’t believe you can tax loss harvest from your 401k.
The OP doesn’t need to pay his taxes if he can get a cabinet appointment.
Your tax program is probably accurate; gains or losses in a 401k are not taxable.
So much for hope. =P Still want the 1099 for completeness’ sake, though.
I could look at the bright side–this is the first year I got enough of a raise that I went up a tax bracket mid-year so I actually owe for a change.
I’m putting my name into consideration for Deputy Undersecretary of Agriculture for Nut and Legume Affairs.
Thats as good as a dry root.
I don’t think you get a 1099 for a 401(k), since the taxes are deferred.
What are you, some sort of total amateur procrastinator?
http://www.irs.gov/formspubs/article/0,,id=98155,00.html
Six months w/ a couple clicks.
Don’t forget to write a check for at least a few bucks if you think you’ll end up owing something. Do the rest of the calculation when the true time of procrastination has ended. You’ll have to pay interest (but not likely any significant penalty) on any balance.
I have my employer take out a flat sum per pay period on top of my 0 exemptions claim. Works for me.
I thought I ought to this year, since I changed my 401k plan–I got a 1099R from the old one detailing the disbursement-to-another-401k-provider, should I not be expecting a symmetrical one from the new one?
I think you should not expect a 1099 from the new one. A 1099 reports income. It sounds like you may have rolled over a 401(k) in a taxable manner, so the 401(k) administrator sent you a 1099. But there’d be no reason for the new administrator to send you one again (because the income reported on the other one already occurred and gains or losses in your 401(k) have no current tax impact).
It was actually a non-taxable manner, but for some reason I got what I thought were symmetrical ones last time I did this type of rollover. Upon checking my records I realize that’s because last time I did a non-taxable rollover I’d made contributions to the new 401k that same year, whereas this year I’m keeping new contributions back in CDs until I find a fund that’s actually performing.
Oh well, my tax situation is so simple I don’t bother thinking about it, I suppose I’m reasonably happy that I went up in income (relatively) significantly and yet only owe a little bit over what was already withheld this past year.
Hurray for me! I did it!
Now, don’t you go about buying bombs with the few hundred bucks I gave you.
We did ours yesterday. We usually do them much earlier, because, as a general rule, we look forward to getting some money as a refund.
Not this year. Due to a family property sale, we’re having to pay almost $5k. Fuuuuuuuuuck.