News for hackers. Stuff that matters.

A comment on IRS builds task force to explore running its own free e-file system. Parent comment

Re:IRS builds task force to explore running its own free e-f... by throwawayiionqz on Sunday February 12, 2023 @01:34PM (#34765420)
> the IRS tells me what they believe my taxes should be

File for an extension. Then after April 15, download your wage & income transcripts from the IRS. Use that to reconcile with your own records and file before October

[ Parent | on HN ]
Re:IRS builds task force to explore running its own free e-f... by mock-possum on Sunday February 12, 2023 @01:45PM (#34765550)
Wait what? Can you explain this approach a little further?
[ Parent | on HN ]
Re:IRS builds task force to explore running its own free e-f... by rhaway84773 on Sunday February 12, 2023 @02:25PM (#34765953)
I just wanted to add that an extension is not an extension to the time you have to pay your taxes.

So if you file for an extension, don’t pay anything by April 15, and then it turns out you owe $1000 in taxes in October, you will now have to pay $1000 + penalty + interest on the $1000.

Filing for an extension only extends the time to file your taxes. Not the time to pay your taxes (I think the one exception to this was when COVID hit, where even the date to pay taxes was extended, but I’m not a 100% sure).

[ Parent | on HN ]