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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Box-By-The-Riviera™ who wrote (6755)8/6/2001 1:02:10 PM
From: Ilaine  Read Replies (1) of 74559
 
It's not last year's money returned, and it's not next year's money now. Its this year's money now.

If you ever had to pay estimated tax, you should understand that immediately. People who pay estimated tax have to write a check every quarter. The tax law was signed June 22, 2001, after the second quarter payment was due (June 15) so the third quarter estimated tax payment will be at a lower rate, and a little bit of what was paid in Q1 and Q2 was overpaid and acts as a credit.
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