Thursday, June 2, 2011

IRS Interest & Penalties

So, I thought that our IRS payments were done but unfortunately I received some mail this week that we owe interest and penalties since we didn't get our payments in by April 18th. The amount shown didn't reflect that they received our final IRS payment, so I decided to call to speak with someone directly about how much we really owe.

After about 30 minutes on the phone, it turns out they did receive our payments, totaling $5,272. The amount for us to pay now is "only" $32.89. I know in the grand scheme of things, it's not that much. I'm just kinda bummed because I have to tweak our budget to find out where that money is going to come from.

Luckily the hubby has been selling some items on Ebay, so hopefully (if it's enough) I can transfer those funds into our checking account and won't have to worry with pulling the money from somewhere else. June has just started, I'd really like to finish this month on budget! We'll see :)


  1. Only $32.00 and some change, you are blessed. Pay it and let them be gone! You are doing so well. Don't let this get you down.

  2. Bummer. But considering how much you paid....$32 more isn't that bad.

  3. You'll be so happy to get them off your bacl! Also, I think these little "things" that come up are good for helping you handle when the bier things come up :)
    good job so far!!
    C.M.C. @

  4. Ah, yes, dealing with the IRS. 30 minutes on the phone isn't bad; I have been known to have to wait longer just to get the line answered but, oh the joy, when the final payment is made.