Hi all. I am obviously going to pay the balance. I need advice on the 'best' way to do it.
I owe about $3,000 in taxes from my 2016 claim. Long story, the moral is I'm never trusting a "CPA" family member to do them again. I digress.
I'm in my twenties, about to go to graduate school and get married in the next few months. Also I bought my first house in May. Lots going on and I want to be careful with how I pay the IRS.
I am ending my employment to go to school, and have a small chunk of money (~$3,500) in my retirement savings account and 403B.
Could I retroactively apply this money without penalty to my house purchase, since it is my first home? And then pay the IRS with the money I initially used towards my down payment?
If this is a bad idea, any suggestions on picking the right payment plan would be much appreciated.
Submitted June 27, 2017 at 08:05AM by handy_solo http://ift.tt/2rXAsX2
