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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (729)	3/13/2001 3:06:02 PM
From: pat mudge	Read Replies (1) \| Respond to of 3294

My understanding is that for an individual filer, all taxes due must be paid by April 15 in order to avoid penalties/interest; as I understand it, the only thing that can be extended is filing of the return, not the money due on the return. I am no expert, so perhaps my understanding is incorrect. Yes, you have to pay interest, but it's a heck of a lot less than selling your stock at half its value. A decision each filer has to decide based on individual circumstances. Pat

To: Wyätt Gwyön who wrote (729)	3/13/2001 5:12:34 PM
From: Kenneth V. McNutt	Read Replies (1) \| Respond to of 3294

<<My understanding is that for an individual filer, all taxes due must be paid by April 15 in order to avoid penalties/interest; as I understand it, the only thing that can be extended is filing of the return, not the money due on the return. I am no expert, so perhaps my understanding is incorrect.>> You are correct. Pay you must. I know from experience. My bookie(CPA) became ill and had a series os misfortunes so did I not know exactly how much I owed, although I had paid a munificent sum quartely based on guesstimate and sent in a goodly sum with the return I was way off in my calcs and was penalized and charged a huge amount of interest. Also, although the return was postmarked Oct.15, the last day of extension, but not received by the IRS until 10/23 I was smacked with another penaly for failure to file on time. I now have to go through the BS of proving the return was filed by the legally extended date to avoid paying another penalty. They,of course, could have looked at the envelope postmark. So much for the new friendlier IRS.