Tag Archive | "Penalties"

I Owe A Small Amount Of Taxes From Last Year And The Year Before. How Much Are The Penalties Around?

Sunday, February 7, 2010

3 Comments

The taxes i owe are not much maybe a couple of hundred dollars, also i have a small refund this year, will the IRS take my refund this year and will they take my rebate off $300 (that everyone is getting) until the back taxes are paid? Should I just not count on getting a [...]

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In My Case, Can I Take The Owed Taxes From The Roth Ira To Pay The Taxes Due Without Incurring Penalties, Etc?

Saturday, February 6, 2010

3 Comments

I converted a Traditional IRA to a Roth IRA. The federal taxes were withheld – all is well with that (I think). The state taxes were not withheld. Now I owe the state a bunch of money. Can I take the owed amount (or less) from the Roth IRA to pay [...]

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