Pension taxes

[Gixxer2003]

Do you pay your taxes on your own federal and state can you tell me what its like I elected to not have any money taken out of my pension my plans were to pay them myself reason be its my only income what if i need extra money one month I figured i could take from the account i use to save for my taxes then catch up next month. If this ever came to me. Well a year has gone by and its tax time. I played around with the numbers a little bit on turbo tax software and the irs is looking for some money from me. If you can share with me how to handle this i would appreciate it. I think this year I’m just gonna let the bank take taxes out and i will have to live on whats left. I may have to mow lawns and walk some dogs to break even but at least the taxes will be paid. But i have 2020 to deal with any info will be greatly appreciated

 

[rod]

Contact EFTPS--Enrollment Processing Center-PO Box 173788- Denver , Co.80217-3788

Electronic Federal Tax Payment System

Ph. 1-800-555-4477

You can pay your taxes quarterly through them. You State (if it has an income tax) should have a similar office.

 

[NAHimGOOD]

What are the specs on your gsxr and Camaro

 

[Shiftless]

From day 1, I elected to pay my own taxes.

Robing Peter to pay Paul when short is a no win situation most of the time! If this is your situation you should probably figure out or have someone identify your your yearly tax liabilities.

 

[rod]

If you owe $10,000 or more to the IRS you don't have to pay it. I saw that on TV.

 

[Gixxer2003]

If you owe $10,000 or more to the IRS you don't have to pay it. I saw that on TV.

Send me the Link pls. For the 10,000 First year retired I didn’t put away enough $ I’m a couple of grand short. paying quarterly might be the way to go

 

[Gixxer2003]

From day 1, I elected to pay my own taxes.

Robing Peter to pay Paul when short is a no win situation most of the time! If this is your situation you should probably figure out or have someone identify your your yearly tax liabilities.

From day 1, I elected to pay my own taxes.

Robing Peter to pay Paul when short is a no win situation most of the time! If this is your situation you should probably figure out or have someone identify your your yearly tax liabilities.

I just wanted to handle my own money if u put $400 to $600 from your money away per month in a savings account u shld be good and u can collect on the interest buuuut if u borrow from it yes you might get burned

 

[Gixxer2003]

What are the specs on your gsxr and Camaro

I had a GSXR 750. INCREDIBLE BIKE. And many moons ago i had a 1989 IROC with the 5.7 motor. The car was a monster I dont mess around

 

[Gixxer2003]

Contact EFTPS--Enrollment Processing Center-PO Box 173788- Denver , Co.80217-3788

Electronic Federal Tax Payment System

Ph. 1-800-555-4477

You can pay your taxes quarterly through them. You State (if it has an income tax) should have a similar office.

Thanks i gotta call them Monday turbo tax says i owe the irs money

 

[burrheadd]

I just wanted to handle my own money if u put $400 to $600 from your money away per month in a savings account u shld be good and u can collect on the interest buuuut if u borrow from it yes you might get burned

Sorry Gixxer but you’re not making dick from interest on a savings account

 

[rod]

Send me the Link pls. For the 10,000 First year retired I didn’t put away enough $ I’m a couple of grand short. paying quarterly might be the way to go

Send me the taxes you owe and I will forward them on.

 

[1989]

Send me the taxes you owe and I will forward them on.

Would you be willing to forward my tax payment too?

 

[rod]

Would you be willing to forward my tax payment too?

Send what you owe to me and yes I will forward it.

 

[1989]

Send what you owe to me and yes I will forward it.

That’s great..... do you accept bit coin? Or just plain cash?

 

[NAHimGOOD]

I had a GSXR 750. INCREDIBLE BIKE. And many moons ago i had a 1989 IROC with the 5.7 motor. The car was a monster I dont mess around

Excellent taste...

Gsxr1k over 150k same motor zero issues

Busa roughly the same.

Pops left 2 camaros.

86 z28 manual ttops....

90 iroc z manual ttops...

 

[Gixxer2003]

Sorry Gixxer but you’re not making dick from interest on a savings account

Your right I better look into money market If u save $7200 per year to pay your taxes u should get something in return

 

[Brown echo]

Do you pay your taxes on your own federal and state can you tell me what its like I elected to not have any money taken out of my pension my plans were to pay them myself reason be its my only income what if i need extra money one month I figured i could take from the account i use to save for my taxes then catch up next month. If this ever came to me. Well a year has gone by and its tax time. I played around with the numbers a little bit on turbo tax software and the irs is looking for some money from me. If you can share with me how to handle this i would appreciate it. I think this year I’m just gonna let the bank take taxes out and i will have to live on whats left. I may have to mow lawns and walk some dogs to break even but at least the taxes will be paid. But i have 2020 to deal with any info will be greatly appreciated

Remember the IRS got Alcapone but not TRUMP

 

[Gixxer2003]

Excellent taste...

Gsxr1k over 150k same motor zero issues

Busa roughly the same.

Pops left 2 camaros.

86 z28 manual ttops....

90 iroc z manual ttops...

IROC was Bought from Hustedt Chevy stock just a rev limiter change i pinned the 145 speedo a couple of times i remember it being a really fun car to drive Eventually traded it into Chevy for a 1992 blazer another great vehicle i had a lot of cars All bought new. What can i say i worked for UPS. $$$$$$$$$$$$$$$$$$.

 

[rod]

That’s great..... do you accept bit coin? Or just plain cash?

Oh definitely CASH only. Bitcoin is a scam.

 

[Re-Raise]

Do you pay your taxes on your own federal and state can you tell me what its like I elected to not have any money taken out of my pension my plans were to pay them myself reason be its my only income what if i need extra money one month I figured i could take from the account i use to save for my taxes then catch up next month. If this ever came to me. Well a year has gone by and its tax time. I played around with the numbers a little bit on turbo tax software and the irs is looking for some money from me. If you can share with me how to handle this i would appreciate it. I think this year I’m just gonna let the bank take taxes out and i will have to live on whats left. I may have to mow lawns and walk some dogs to break even but at least the taxes will be paid. But i have 2020 to deal with any info will be greatly appreciated

Probably have to pay a penalty on top of the taxes owed if you don’t pay throughout the year or make quarterly payments.