Tilted Forum Project Discussion Community - View Single Post - Do income tax penalties show up on your credit history?

Amano · 02-25-2007, 07:09 PM

Through some confusion on my part with rules for changing state residency, I may take a penalty this year for not having payed 2006 Estimated Taxes in order to save a couple of thousand dollars over the next few years in state taxes.

The reason for the tax penalty is not so relevant to my question for you guys, however. My question is, would a minor tax penalty on CA state taxes (not federal) show up on my credit history and hurt me financially in more ways than the penalty itself?

Does anyone know the answer to this? I'd appreciate any input you can give.

02-25-2007, 07:09 PM	#1 (permalink)
Amano Insane	Do income tax penalties show up on your credit history? Through some confusion on my part with rules for changing state residency, I may take a penalty this year for not having payed 2006 Estimated Taxes in order to save a couple of thousand dollars over the next few years in state taxes. The reason for the tax penalty is not so relevant to my question for you guys, however. My question is, would a minor tax penalty on CA state taxes (not federal) show up on my credit history and hurt me financially in more ways than the penalty itself? Does anyone know the answer to this? I'd appreciate any input you can give.