Filing for an extension, and paying estimated taxes

Taxes
1

As a bonus for starting my 2018 return in a timely manner, Turbo Tax warned me that I probably needed to amend my 2017 return because I’m a moron who’s not as smrt as I think I am. That last part was implied. But I definitely messed up my 2017 IRA contributions and claims, which I believe will have a knock on effect on my 2018 return.

I need a CPA, but it’s the busy season and I cannot have one until after 15-April. So, now I also need an extension. I know I need to pay my estimated taxes, but I cannot reliably estimate them until I understand what knock on effects the 2017 mess up will have, which I cannot do until I have CPA. See?

Right now Turbo Tax estimates my 2018 refund at $81. Should I just throw $1,000 towards my 2018 estimated taxes, and hope for the best?

2

https://tse2.mm.bing.net/th?id=OGC.61c4e5d5a9bb667b07341786deee598c&pid=Api&rurl=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2FA76BMqX24I6LC%2Fgiphy.gif&ehk=Gzd9TwH8IcjFnx0DgU%2BdMw

1 Like
3

You might be surprised, but that was not helpful.

1 Like
4

It helped me get a badge

5 Likes
5

Devious.

The monster always turns on poor Frankenstein. Yes. It is so.

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6

Not to blame the victim, but maybe Frankenstein should stop making monsters.

7

The penalty isn’t that bad. Whatever you end up doing, I wouldn’t stress too much.

8

I’m with MJ here. Pay some to show good faith, and spitball the amount best you can with the info you have, but don’t sweat it being too exact.

9

Yup, especially because you have had taxes withheld already so you’re unlikely to owe tens of thousands of bucks, I’d just throw in a few hundred good faith bucks, and then file the extension. I know cough some people who haven’t ever filed on time and have to do an extension every year…