[Rhodes22-list] Tax Advice? 401k's

[R22RumRunner at aol.com]

Rik,
Rebates, oh yeah, the check is in the mail. My money is better off in my  
pocket than having to wait for the Fed's to return my money to me.
I went through this with the IRS years ago. They kept trying to put me in  
jail, take over my bank accounts and seize my house because I refused to make  
quarterly payments.(Self employed) My income is so sporadic and  unpredictable 
that I would always be overpaying or underpaying and thus receive  penalty's. 
So, I stopped making the quarterly payments and took a one time  (annually) 
penalty of $75.00 every time I filled out my tax forms. 
I won't go into the five years of fighting the IRS and the attorney's that  
had no back bone that I fired. I eventually took the IRS on by myself, ended up 
 in arbitration and won. Saved myself a ton in attorney's fees, learned a lot 
 about the tax codes and wiped out almost $30,000 the IRS was trying to get 
from  me in penalty's and fines. Needless to say my wife thought I was crazy 
and  begged me to just pay them off. All of my friends and family thought I 
should  cave in as well. It was not a pleasant time in my life. Rebates? Yeah,  
right......you will never see that money.
 
Rummy