So, I apparently owe the IRS $11,000, which came out of nowhere. I asked my tax preparer throughout the year if I would owe anything and he said - no - but as of yesterday I do. I always assumed I would owe after selling my 2-Family but he assured me that we had no cap gains. We didn't really prepare for this. We have the $11,000 but it would wipe out much of our "oh shit" reserve fund.
Do I have options when it comes to paying this? Can I push it off? I am installing solar in May and I am looking to get back $15,000 on next year's return because of it. Any chance I can defer the $11,000 until next year?
Submitted February 21, 2017 at 09:16AM by hoorayb33r http://ift.tt/2m46jpW
