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Have you ever paid a penalty for overdue tax?

by Carolyn Hopping (follow)
Money (148)      Finance (24)      Tax (2)     


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Have you ever forgotten to pay your tax, and had to pay a penalty for it being overdue - or do you know anyone who has had to do so?

#Tax
#Money
#Finance
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Top Answers
We always pay our tax on time. It is hard to forget when there is so much talk about it on the tv and other media.. As soon as the group certificates arrive, my husband does the tax. I don't know anyone who has been late with their tax. Surely people would be keen to get any monies owed to them as a tax refund by the government. Every bit helps.
Wow, Lluxi, what a great change. Good on him!! I love it when people make their life changes and it enhances other lives too. From experience I can see that accounting can be stultifying. He has my admiration :-)
by Rice
He needed to be with people. He's so caring, gentle and kind. Was wasted locked in an office somewhere. Thanks for your kind words, Rice.
by Lluxi
I have never had to pay any kind of fine. I was married to an accountant and my brother is one too . . .not much hope there of late fees. LOL
by Rice
My brother in law is an accountant for a big multinational company. My husband used to be an accountant, until he realised he liked working with people much more, so he got into nursing. BIG career change. You will never be out of work, I told him !!! He loves it.
by Lluxi
My friend did their tax, and it ended up she had to pay back over $5,000 2 years ago!
Ooops!!!
I think they let her & husband pay it back over time.
I agree it is hard to forget, but then again my son still has not done his 'tiny' amount for 2015?
I keep saying.....he keeps saying 'soon'.
This year it will get done, and I am sure if it is under a certain amount you can do it the next yr.
No one likes to do their taxes. That's why we get it done as soon as possible, and get it over and done with. We can sit, tax refund in hand, and watch others still fumbling , dithering, and procrastinating in the dark. SHOW me the money !!
by Lluxi
exactly! you have it sorted, love it :)
by jonaja
Yes I've been fined several thousand dollars for not lodging on time so it's not worth losing money when you can avoid it. Should have kept receipts in one area instead of all over the place so kept putting off looking for them. Lesson learnt!
No, I havent as I do not like paying extra money to the tax Department!
by Finy
At this point I've never had never had to pay a fine for overdue taxes. I really would hate to. It pains me to pay money for things such as late fines or traffic tickets.
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