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After paying large Quarterly taxes the first word from my CPA was “Boy you oue a lot from last year” .. not the thing you want to hear plus the 1st Q taxes.. errg
Yeah, tell me about it.
I wrote my tax checks last night — 1 federal, 1 state, 1 federal quarterly, and 1 state quarterly.
MAJOR OUCH-age!!! (Is that a word? I guess it is now.
)I could probably buy a lamborghini or a ferrari with the amount of money I am giving the government for 2006, as you can imagine it’s going to be a painful check to write.
I went through that in the UK this year. I winced at how much and then they had the nerve to write back asking for another £2k ($4k)! I console myself with the fact that if people didn’t pay taxes a) we wouldn’t have the infrastructure we have and b) they’d get it from somewhere else anyway.
Sorry – that doesn’t answer the question…but over here, you get 3 months to pay then a £100 fine, followed by another 3 months and another £100 fine. After that it’s interest-based. I “deferred” that way last year! Maybe you have a similar setup?
I was thinking more of incorporating in Nevada or somthing to get out of this crappy states tax structure lol..
Yeah all the write offs just don’t seem to help, I wish they did.:huh2:
