you cant do that anymore(i tried), the IRS will append a penalty on your taxes for improper withholding and fine you with interest rates.
Hmmmm. I guess ive been doing so long ive not notice if there are any changes.
What i hate about the IRS is that a lot of times the right decision is poached as the wrong decision, or the wording heavily implies you shouldn't do something. For example, in the investment accounts, there is virtually zero documentation on non traditional transfers, its all based off the whims of the AMT
And if I don't pay at all? Would they send someone to lock me up? Start stealing it from my paychecks?
For a perspective of what we are dealing with here:
http://www.larkenrose.com/av-media/video/2055-the-tiny-dot.html
not only that, the irs will direct the treasury dept. to, without being given a warning, to take funds directly from any accounts you may have. not even your bank will notify you. the irs did it to me and it took me 4 years to get my money back. the irs was in error, but it took me 4 years to be refunded. where was the penalty and fines to me from them?
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