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 Tax penalty.
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GEORGE_LYNCH

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Tax penalty. - Tuesday, November 14, 2006 9:20 PM
I paid my local income tax in full CASH.  I just got a letter in the mail saying that "because i did not make quartly payments i have to pay 16.45."   So i am getting a penalty for paying the whole tax for the year in cash?  16.45 IS NOT A BIG DEAL, but im just a little confused as to  why they are trying to sqeeze more money out of me.  I made the initial payment on time. According to the tax office, because i paid in full , and not every few months, i automaticly get a penalty. I have never heard of such a thing.  Frank.....ever hear of this???
CJKSRR

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RE: Tax penalty. - Tuesday, November 14, 2006 10:40 PM
technically suppose to be paying it quarterly and they can assess penalties   if they want to.   I've never had a problem  but  guess depends  on what they check. 
 
To avoid any penalty  pay   it upfront  or just pay some quarterly
GEORGE_LYNCH

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RE: Tax penalty. - Tuesday, November 14, 2006 10:56 PM
I would pay upfront, but the problem is, i dont know what ill make at the end of the year, because my salary is different every year, overtime, pay raise...etc.....so i pay at the end of the year , this way i know exactly what ive made for the year, and what i owe.  I guess ill just be stuck paying the 16 bucks at ther end of every year. No biggie.
Frankg

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RE: Tax penalty. - Wednesday, November 15, 2006 5:34 AM
pa requires estimated payments - they have been cracking down on this for the last couple of years.

George quarterly payments are due by the 15th of the month following the end of a calendar quarter. 

so for

Jan - Mar, it would be Apr 15
Apr - Jun, it would be Jul 15
Jul - Sep, it would be Oct 15
Oct - Dec, it would be Jan 15

take you last paystub of each quarter and take the quarter to date gross pay and multiple it by the tax rate 3.07%

here is the state estimate form
http://www.revenue.state.pa.us/revenue/lib/revenue/pa-40esr_i.pdf
<message edited by Frankg on Wednesday, November 15, 2006 5:45 AM>
CJKSRR

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RE: Tax penalty. - Wednesday, November 15, 2006 2:56 PM
as long as you pay as you go   you'll be fine.   Your last payment will play catchup   and  even if you owe couple dollars  at the end  when you file not a big deal.  It i just like  Federal Taxes.
lenven

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RE: Tax penalty. - Wednesday, November 15, 2006 7:47 PM

ORIGINAL: Frankg

pa requires estimated payments - they have been cracking down on this for the last couple of years.

George quarterly payments are due by the 15th of the month following the end of a calendar quarter. 

so for

Jan - Mar, it would be Apr 15
Apr - Jun, it would be Jul 15
Jul - Sep, it would be Oct 15
Oct - Dec, it would be Jan 15

take you last paystub of each quarter and take the quarter to date gross pay and multiple it by the tax rate 3.07%

here is the state estimate form
http://www.revenue.state.pa.us/revenue/lib/revenue/pa-40esr_i.pdf

 
Frank:  correct me if I'm wrong, but I think George is refering to local taxes.  If that's the case, then aren't the payments due at the END of the following month.  For example, Jan through March - due by end of April. 
 
Len
CJKSRR

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RE: Tax penalty. - Wednesday, November 15, 2006 9:52 PM
they send out  quaterly coupons   my soon ex has them else i give the dates
 
Frankg

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RE: Tax penalty. - Thursday, November 16, 2006 5:28 AM
yes local is due later in the month.  I haven't heard local being so hard on tax payers.  I assumed from George's posting that it was the state.
But yes, as GCfab noted, if you contact your local township tax collector they will mail you a set of coupons.
salzing

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RE: Tax penalty. - Thursday, November 16, 2006 8:02 AM
If it's Berkheimer the forms can be printed from their website   http://www.hab-inc.com/content/default.htm
If you pick up a starving dog and make him prosperous,
he will not bite you.
This is the principal difference between a dog and a man.
~Mark Twain

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