Ok, I'm only telling you this so all of you have reason to make sport of me.
(Which I deserve).
I was doing my personal taxes last night (4/14) and feeling really cool for getting them done with time to spare (a day is a day after all) when I discovered on my desk two completed tax forms with addressed envelops clipped to them. They were my business' corporate taxes (horrors) which were due 3/15. It seems that when my accountant gave me the tax forms I signed and mailed to payroll taxes and 1099s (thank God, or I'd be in Mexico by now) but neglected to sign and mail my corporate Federal and State taxes.
Do you know what the Federal penalty is for missing the corporate filing date by 30 days ? Its an automatic corporate audit, plus a fine and penalites (to be determined after the audit).
So now my wife is giving me the look (you know the look ?) and worse yet, I've had to endure a lecture from the accountant. ("We worked for 3 weeks on these documents Cosmic, all you had to do was sign them !"). And the crew is afraid that they'll be working for the IRS by August. (The lawyers say this is very unlikely)
Oh, I'm really bolted to wall. (If you know what I mean)
I really need a drink....
(...And I've been cutting back too)
(Which I deserve).
I was doing my personal taxes last night (4/14) and feeling really cool for getting them done with time to spare (a day is a day after all) when I discovered on my desk two completed tax forms with addressed envelops clipped to them. They were my business' corporate taxes (horrors) which were due 3/15. It seems that when my accountant gave me the tax forms I signed and mailed to payroll taxes and 1099s (thank God, or I'd be in Mexico by now) but neglected to sign and mail my corporate Federal and State taxes.
Do you know what the Federal penalty is for missing the corporate filing date by 30 days ? Its an automatic corporate audit, plus a fine and penalites (to be determined after the audit).
So now my wife is giving me the look (you know the look ?) and worse yet, I've had to endure a lecture from the accountant. ("We worked for 3 weeks on these documents Cosmic, all you had to do was sign them !"). And the crew is afraid that they'll be working for the IRS by August. (The lawyers say this is very unlikely)
Oh, I'm really bolted to wall. (If you know what I mean)
I really need a drink....
(...And I've been cutting back too)