My brother got a very bad advice when filing his taxes for 06 and when he told me about it I mentioned that it didn't make sense to me. I told him to go talk to an expert and get his opinion.
Well, the new advisor told him that the original filing was wrong and that he owes both federal and state taxes (not that much, something like $500 to the federal and $150 for state) so this guy told him to send the 1040x with the corrected filing and the mentioned amounts owed, and that IRS will bill him later for the penalties, so that was paid separately.
This 'pay what you owe now, the penalty when they bill you' sounded kind of weird. Is that how IRS does this? What about the State's treasury or tax department? (NY in this case)
Well, the new advisor told him that the original filing was wrong and that he owes both federal and state taxes (not that much, something like $500 to the federal and $150 for state) so this guy told him to send the 1040x with the corrected filing and the mentioned amounts owed, and that IRS will bill him later for the penalties, so that was paid separately.
This 'pay what you owe now, the penalty when they bill you' sounded kind of weird. Is that how IRS does this? What about the State's treasury or tax department? (NY in this case)
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