LP#@-->you have to pay him interest along with your regular payment.  To avoid
LP#@-->this, you must have more money withhheld by your employer, or like Rhia
LP#@-->and me, make estimated payments every three months to insure that your
LP#@-->tax underpayment at the end of the year is not too large.
LP#@-->---
Or worse....suddenlyu find out that your family accountant, who is now
dead, and yer mom conspired to not file, but claim that they paid you
an income, on mony you did not earn, and then file it all on a form used
in real estate transactions....then mom fires her secretary who knows
all this good trash, she calls IRS turns you and others in...
and voila, an IRS audit.  Well, finally they only could nail us for one
year.  WE untangled the mess, and Paid uncle Sam $6207 and change, then
got a letter from the irs telling us that in thier estimate we still
owed another $3,500 in penalties.  No amount of letters, or arbitration
or anyting would stop them from collecting it...even tho we explained
that right now HE is a broke non-working grad student.  Finally they
agreed to take it all out of active collections, but the interest still
piles up...finally we forced the Queen to pay off the IRS.  I threatend
to turn her in, and reminded her that SHE told us if we kept quiet
filed the return for money he did not make, she would pay the bill.
Of course she did not, and we did...goddess, I hate the IRS.

And in the middle of this, they tried to audit me...sure, go for it
I said...it is hard to audit a 1040EZ for the last 10 yrs...

sybella

 * SLMR 2.1a * How wonderful opera would be if there were no singers.