I’m not sure if I understood correctly but the accountant that is helping out my former accountants clients - said that due to the circumstances (my regular accountant is not expected to survive) - there will be no penalty on taxes owed this year as long as I’ve paid 100% of what I owed last year. I hope he’s right and that I understood correctly.
I have done extensions and owed money just paid the fees wasnt the end of the world
Just had to pay interest on what was owed in April 15 and some other fees
Very sorry to hear that Elf.
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Dawn
I asked new accountant if he was going to be ok and he said he wasn’t expected to survive. New accountant was very upset as they are close friends so I didn’t ask anything further. It is quite upsetting. I’ve known the man since the day we opened our business 27 years ago. He’s about my age and always appeared to be in good health. He’s a fellow slotter so never judged my gambling. We had great Vegas conversations. Another example of why we all need to make the most of every day. Life is short.