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Biotech / Medical : ACMI - Accumed Inc.

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To: joemjo who wrote (594)12/3/1997 4:09:00 AM
From: Cisco   of 1894
 
®Why 60 days?¯

I will need all my spare money to pay estimated taxes!!! In the state of Kentucky you don't have to pay your estimated taxes evenly throughout the year because the Revenue Cabinet doesn't have a system in place that distinguishes when you pay the estimate. Therefore most self-employed people wait until the end of December and pay their estimate for the entire year just in time to deduct it from their Federal. Doesn't look like I will be buying or selling before January 15th unless ACMI wakes from the dead before then. If I can claim a loss by flipping it into a SEP I may do that between December 29 and January 3.

Nothing special about the 60 days. Just personal reasons.

Cisco
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