Anonymous
Post 02/04/2023 10:53     Subject: is being off by $1000 acceptable on taxes?

Anonymous wrote:Go to the website and print it.

Penalties and interest for not paying are huge.


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
Anonymous
Post 02/04/2023 10:51     Subject: is being off by $1000 acceptable on taxes?

Since it’s gambling winnings, it can be offset by losses. Did you buy lottery tickets? Deduct those, etc.