Re: quick tax help
calle mayor
Didn't notice this response, BUT
how can your accountant be $160,000 off in his expected tax liability on April 15th. Its 3 1/2 months after year end. My post was based on the 300,000 being fairly accurate. This is not common at all, and your accountant should be fired for allowing the IRS to have $242,250 of your money interest free. At 5%, your cost is about $7,000, if you wait until October 15th to file. Plus overpaying the 2nd and 3rd Qtr 2007 est payments.
And the $2,000 calculation is way off, more like $500.
Fire his azz.
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