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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (7998)1/7/2003 11:40:38 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
I hope you pay your accountant well. -g-

That reminds of a story. A friend of mine asked me to help her make sense of a notice from the IRS that claimed she owed a penalty for paying a portion of her estimated late. She had figured the penalty and paid what she thought she owed but came up with a different figure then they did. So I offered to bring over my tax form and compare since I was self employed too and had my accountant figure out the estimated and penalties.

She shows me the one page she had on this. I pulled out a similar page, then I proceeded to pull out the next four pages for figuring the timeliness of the estimated payments, asking her each time, "But do you have THIS page?". We got to laughing really hard at the absurdity of it all. Finally I told I couldn't figure out why they wanted her to pay an extra $100 bucks but that it was cheaper than an accountant would charge to figure out the difference so she should just pay it and chalk it up to extortion.