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Neal

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    #1

    Neal

    New client. Tax return for 2009. Owe 12,000. Should I try to compute penalties and interest or just file it and let the tax folks do the billing?

    He had a w2 for 53,000 with no withholding. Is this negligence?

    My thought is to just file the return and let the chips fall where they may.
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    #2
    Your software can probably compute up to 4/15/10. But they are going to come back after that for the additional, plus late filing. I would just let them compute the total, and warn client it's coming. Interest will stop on date they get the tax. Yes, looks like someone is negligent in underwitholding. Who issued the W-2? He's not clergy is he? Did he file a W-4? And how many exemptions did he claim?

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