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Reply to "is being off by $1000 acceptable on taxes?"
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[quote=Anonymous][quote=Anonymous]Go to the website and print it. Penalties and interest for not paying are huge.[/quote] Not true at least for smaller amounts. I forgot to report 2-3k once. They sent a letter a year later Asking to pay taxes that were due plus interest. I don’t remember exactly how much interest but it was definitely less than 5 percent. I don’t think there was a penalty but if there was one it was small[/quote]
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