If you have owe payday loan company, this is a good time to pay back the loan. Tax return is coming soon and most of us will have some extra money. If you wanna be debt free, this is not a time to go buy new computer or TV, this is time to pay back the loan and be free, start new year fresh, clear all your debts and start saving.
Also it will be wise to pay back all the money you owe to anybody this will help you the next time that you need some extra money, it will be very easy for you to borrow money because people and even payday loan lenders trust that you can pay them back.
Wednesday, December 28, 2011
Payday Loans Are Better Than Tax Refund Loans
The idea is simple. Payday loans are better than tax refund loans because you know where your money is going with a payday loan. There’s no gray area like there is with the tax refund loan because you’re dealing with concrete numbers from a direct payday lender and your paycheck. There’s no guesswork with a payday loan.
You can take a look at a tax refund loan to see that there are lots of different variables. You don’t really know how much money you’re going to get back from the tax refund although you think you might, and when you take out a tax refund loan based on that, you could easily find yourself out of pocket when the actual refund comes through.
Here’s another sobering thought. There are enough people who prepare tax refunds who are doctoring the fees they charge that the IRS is considering redistricting these kind of tax refund loans because they encourage illegal behavior.
It’s easier to stick with a payday loan where there’s no risk and you even have a customer support phone number to get in touch with anyone should you have some questions.
This blog post was brought to you by paydayloanjr.com, the leading online direct payday lender offering fast and easy payday loans and payday cash advances
You can take a look at a tax refund loan to see that there are lots of different variables. You don’t really know how much money you’re going to get back from the tax refund although you think you might, and when you take out a tax refund loan based on that, you could easily find yourself out of pocket when the actual refund comes through.
Here’s another sobering thought. There are enough people who prepare tax refunds who are doctoring the fees they charge that the IRS is considering redistricting these kind of tax refund loans because they encourage illegal behavior.
It’s easier to stick with a payday loan where there’s no risk and you even have a customer support phone number to get in touch with anyone should you have some questions.
This blog post was brought to you by paydayloanjr.com, the leading online direct payday lender offering fast and easy payday loans and payday cash advances
What if I Can't Pay My Taxes to the IRS on Time?
If you are having trouble paying your taxes by the deadline date of April 15, 2010, then you're not alone.
File your tax even if you can't pay them
The reason is because the penalty for not filing your taxes is greater than not paying them. Funny but true: there is a possibility of imprisonment for not filing but not for being unable to pay your taxes on time - however, there may be some penalties if the IRS can prove that you intentionally did not pay your taxes.
If you file your taxes and don't pay what you owe in full, then the IRS will send you a letter asking for what's due including the included interest in about 45 days - this should buy you some time to come up with the money to pay for your taxes.
File for a tax extension
You can delay your tax deadline by six months, until October 15 by using Form 4868 electronically or by mail. This will allow you to file your taxes late but will not delay your deadline for paying your taxes - so if you are still late on your tax payments then you must still consider the interest due. The good thing is that if you file for a tax extension then you will be charged 0.5% late fees a month plus interest instead of 5% late fees a month if you did not file for a tax extension.
Paying Some of your Taxes is Better Than Nothing
If you are unable to pay your taxes in full when you file your return then pay whatever you can to decrease late fees and interest.
Late tax payment penalties
For each month that you are late, there is a 5% penalty of your taxes owed with a maximum of 25%, typically.
File your tax even if you can't pay them
The reason is because the penalty for not filing your taxes is greater than not paying them. Funny but true: there is a possibility of imprisonment for not filing but not for being unable to pay your taxes on time - however, there may be some penalties if the IRS can prove that you intentionally did not pay your taxes.
If you file your taxes and don't pay what you owe in full, then the IRS will send you a letter asking for what's due including the included interest in about 45 days - this should buy you some time to come up with the money to pay for your taxes.
File for a tax extension
You can delay your tax deadline by six months, until October 15 by using Form 4868 electronically or by mail. This will allow you to file your taxes late but will not delay your deadline for paying your taxes - so if you are still late on your tax payments then you must still consider the interest due. The good thing is that if you file for a tax extension then you will be charged 0.5% late fees a month plus interest instead of 5% late fees a month if you did not file for a tax extension.
Paying Some of your Taxes is Better Than Nothing
If you are unable to pay your taxes in full when you file your return then pay whatever you can to decrease late fees and interest.
Late tax payment penalties
For each month that you are late, there is a 5% penalty of your taxes owed with a maximum of 25%, typically.
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