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Posted by Larry Israel on May 27, 2008, 11:25 am
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I have an awful feeling that I forgot to sign my 1040 taxes check,
which I sent in only last week. If, indeed, I forgot, what will happen?
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Posted by removeps-groups@yahoo.com on May 27, 2008, 11:50 am
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On May 27, 8:25 am, VSLA...@weizmann.weizmann.ac.il (Larry Israel)
wrote:
> I have an awful feeling that I forgot to sign my 1040 taxes check,
> which I sent in only last week. If, indeed, I forgot, what will happen?
Here's what could happen: They will mail back the check to you and
ask for a signature. You will also pay interest and penalties for
paying your tax late but before October 15 -- so around 1% a month.
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Dick Adams on May 27, 2008, 12:57 pm
Please log in for more thread options > VSLA...@weizmann.weizmann.ac.il (Larry Israel) wrote:
>> I have an awful feeling that I forgot to sign my 1040
>> taxes check, which I sent in only last week. If, indeed,
>> I forgot, what will happen?
> Here's what could happen: They will mail back the check
> to you and ask for a signature. You will also pay interest
> and penalties for paying your tax late but before October 15
> -- so around 1% a month.
And then again, I forgot to sign a check earlier this year
and my bank called me to ask about the oversight. But then
I am a 'good' customer, a hell of a nice guy, and have a
youthful appearance - one out of three ain't bad.
Dick
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by way111 on May 27, 2008, 4:09 pm
Please log in for more thread options On May 27, 12:57 pm, rdad...@panix.com (Dick Adams) wrote:
>
> And then again, I forgot to sign a check earlier this year
> and my bank called me to ask about the oversight. But then
> I am a 'good' customer, a hell of a nice guy, and have a
> youthful appearance - one out of three ain't bad.
>
Or they might just deposit it and it might get cashed anyway. I've had
this happen (someone other than the IRS).
I've also sent checks to the wrong business, who was able to
successfully cash it, and didn't that cause me grief getting that
straightened out.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Phil Marti on May 27, 2008, 2:09 pm
Please log in for more thread options "Larry Israel" wrote:
>I have an awful feeling that I forgot to sign my 1040 taxes check,
> which I sent in only last week. If, indeed, I forgot, what will happen?
The government will:
A--Deposit it, or
B--Return it to you.
If they deposit it your bank will:
A--Pay it, or
B--Bounce it.
I wouldn't bet that anyone on either end of the transaction will notice that
it's unsigned. I'd call the bank and ask them if there's a way to prevent
it from bouncing, but other than that your best action now is wait and see
what happens.
You should know within a week of mailing if IRS didn't put it through for
payment. If the check doesn't clear your next failure to pay penalty
accrual date is 6/15, so as long as you get it fixed by then you'll minimize
any monetary damages on the IRS side.
--
Phil Marti
Clarksburg, MD
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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