FEELIN THE BLUES
If anyone knows when the local chapter of the Procrastinators club is meeting please do let me know!
After years of not filing taxes, I finally sat down and did all back taxes for the years I didn't file. The main reason for not filing was that in 2005 while working at Olive Garden, not enough state or federal tax was withheld from my paychecks. In 2005 I earned about $23,00.00 in gross income and only $380.00 was taken out for federal and ONLY $30.54 for state tax. Now the state of Virginia did the favor of doing my taxes fo me and the tax owed for that year is $1.325.12. Fortunaly now that I've taken hold of my finances ,I called them as soon as I recieved the bill and made payment arrangements.
Now I'am going to wait and see what the Irs will work out and the State of Virginia as to my other years owed are concerned.
List of Returns Outcomes:
2005- Federal $1,524.00 State $1,325.12
2006- Federal $(193.00) State $ 195.00
2007- Federal $(414.00) State $ (21.00)
2008- Federal $(545.00) State $ 10.00
The amounts shown in ($0.00) are refunds.
I'm hoping the refund amounts will offset some of the costs of late fees and interest charges. So I'm waiting for checkmate to be called so to speak.