Just file me an extension...

[veritas]

I love this time of year when the procrastinator calls in and says file and extension.

I of course say happy to. How much tax do you owe?

Client- I don't know how can I find out?

Me- I will have to do your tax return.

Client- Well what good is an extension?

And then if they are self-employed the fun really begins.

Let's see file form 4868 and pay balance owing

Pay the state balance owing.

Do first quarter estimates for federal and state.

Pay deposit for transit income tax.

File extension for city & county business tax and pay balance due.

Do first quarter estimated tax for city and county.

Pay deposit for personal county income tax.

My extension fee is very expensive.

[S T]

Oregon

I agree, we have to prepare the return in order to do the extension, taxpayers do not seem to understand that.

By the way, how many different taxes does Oregon have for self employed or Corps?

Sandy

[Gretel]

I agree, too. But what are you gonna do if you don't even have the time to take a closer look at self-employment stuff? My first year I was crazy about this and thought all the responsibility is on my shoulders. I learned.

I don't thing clients have to understand the mechanics, they just have to bear the consequences of their choice: coming in late means paying penalty and interest if you owe.

[veritas]

Oregon only has one tax for individuals and Corporation.

But the Portland area has 3 more business income taxes and one more personal.

Don't ever move to Portland it's insane here.