LOL, when you file for an extension to file your taxes, it's entirely free. There are no fees. If you suspect you will owe taxes, however, you must make the payment at the time.
Crazy Michigan woman thinks she's a tax expert when even the IRS can't seem to decide how to finish its audit of Trump.
The New York Times article says Trump filed extensions to file and made various tax payments. He made payments totaling $5.2 million for the two years in question, 2016 and 2017, $1 million when he filed for an extension in 2016 and $4.2 million when he filed for an extension in 2017. His accountants carved out a nominal tax liability of $750 for each year when actually filing the two returns, on the assumption that the $5.2 million would be construed by the IRS as overpayments pending resolution of the claims made in the returns. Those moneys would then constitute pre-payment carry forwards for future tax years.
The worst part of this call is that Rush Limbaugh just let this woman's BS out there without questioning it. He's as uninformed about this stuff as the next guy, and won't lift a finger to educate himself. It's irresponsible, but this is the same guy who calls the Minneapolis police "killers".
Rush Limbaugh is a horrible representative of conservatism.
Today, here:
CALLER: Greetings from Michigan, Rush. We hope to be a red state soon.
RUSH: Yeah, that would be great.
CALLER: That would be great. You know, watching the debate was, you know, made your eyes want to bleed, but Chris Wallace set the pace with that first question about taxes. And don’t tell me he didn’t know that that $750 was the fee for an extension, not what he paid.
RUSH: He might not have known. I don’t know.
CALLER: How? If I know, it was in the news, he is the news —
RUSH: There we go. We’re making the assumption that people in the news business know more than you do. Don’t make that assumption.
