Welcome Guest. Register Now!  

For 2014 Tax Tips For Year 2014.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-16-2015, 04:17 PM
Junior Member
Join Date: Aug 2013
Posts: 7
Taxes due after filing non resident withholding

I sold a rental property (TIC) in Georgia (I live in CA).

At the time of sale, based on my tentative calculation, I thought I didn't owe any taxes.
But when I asked my accountant to do taxes, he found that actually I owe taxes to GA state.
I received Form G-2RP (Withholding on Sales or Transfers of real property by Nonresidents) that states there was a loss in the transaction (based on my info).

Now, if I file a GA return and pay taxes, will I get into trouble since I said I didn't owe any taxes, initially? Would there be penalty and interest even if I pay the taxes due before 15th April. The sale date was Sep 11th 2014.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
I have to pay MI taxes just because I filed a federal Joint return with person who is a resident of MI? GordonD For 2013 2 03-26-2014 03:21 PM
Non-resident taxes for CA and VA tds1570 For 2013 1 01-19-2014 09:00 AM
Non-resident taxes for NYC ronak87 For 2013 1 01-16-2014 07:59 PM
Filing taxes (married filing separate) Ithasca Itemized Deductions 1 12-21-2013 06:35 PM
Where can obtain an IRS Withholding Calculator to determine my correct 2013 Federal withholding and estimate my year end tax liability? TaxGuru For 2013 0 08-22-2013 02:05 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning