My company incorrectly filed my W-4 and other filings, saying my income taxable but not withholding the state tax. Now I’m on the hook for the full tax amount of $10,000 AND a $400 penalty fee because my HR is a**. Venting now because my accountant is working to fix everything but HOW does this happen?!! #taxes #taxseason
yeah i owe 20k to feds this year oops. supplemental income % way too low i think
1/ You can usually get fees waived but never interest. 2/ If you’re short they’ll setup payment plan. 3/ it’s same net amount for the year just lump sum
How come you didn’t bother to look at any of your paystubs throughout the year and noticed the lack of state tax withholding? If you were a 16 year old learning how to read a paystub for the first time then I’d understand the oversight but I’m pretty sure you’re not.
Honestly had no reason to check my paystubs. The money hit my account and I was fine with that. Obviously learning my lesson moving forward but this is not common at all, especially with an IPO company.