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Scott P
07-13-2006, 06:55 PM
Apparently my wife (I'm out of town) just got a letter from the Colorado State Tax Commision. We underpaid our taxes last year by mistake, and now owe them.

How much did we underpay? $1. Yes, that's right, one dollar. NO, I am not joking. With penalties and interest, it is now $14. Give me a break. :lame: I wonder how much labor they spent figuring out we underpaid by $1. Oh well.

I've never made a mistake on my taxes until last year. Next time I'll just send an extra dollar to make sure I'm covered.
stefan
07-13-2006, 07:42 PM
With penalties and interest, it is now $14.



that's WEAK!!!

sorry scott
accadacca
07-13-2006, 08:23 PM
Crazy, crazy man...not cool. :frustrated:
chickenlicken
07-14-2006, 06:14 AM
It's a good thing we have big brother watching out for our interests. Too bad you have to deal with it. It could be any of us.
donny h
07-14-2006, 03:42 PM
1400% in penalty and interest?

Good thing you didn't underpay by a thousand dollars.
Scott Card
07-14-2006, 03:57 PM
If you didn't have a CPA do your taxes the first time, you may be able to find a cpa to review the taxes and find some hidden deductions. File an amended return and get your money, penalties and even a refund back. It has been done before in stupid situations like yours.
DickHead
07-14-2006, 04:46 PM
F-em. Send 'em the $14, get a CPA to review your taxes, and hopefully you'll file an amended return and get it all back plus some.
If you have a home business, travel alot for business, have a home, you might want to use an accountant anyways. Ours was $175 and did a great job.
:2thumbs:
GroundPounder
07-14-2006, 05:07 PM
If you have to end up paying the fourteen dollars. Pay it with pennys! And not rolled pennys!!!
Scott P
07-14-2006, 05:16 PM
1400% in penalty and interest?

Yep. Minimum penalty, I guess.


If you didn't have a CPA do your taxes the first time, you may be able to find a cpa to review the taxes and find some hidden deductions. File an amended return and get your money, penalties and even a refund back. It has been done before in stupid situations like yours.

Actually, since I actually work for the state, I could just bill them for an extra two minutes overtime and get my dollar back (Shhhh). :five: I'll eat the penalty this time.