Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.35

-0.4%

3:59 PM EST

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To: waverider who wrote (89368)	12/7/2000 4:29:58 PM
From: Don Lloyd	Read Replies (2) of 152472

Rick - ...I will have to send Uncle Sam and the state two checks totaling $4,100 by the 15th of January. ... This is only true if you insist on fully paying estimated taxes. If you instead wait until April 15, and the full $4100 amount represented an underpayment and therefore a penalty, your extra penalty payment would likely be $4100 at a 9% annual rate for 3 months, or about $92.25. I prefer to never make any estimated payments and merely pay any penalties at filing time. If you were to realize a capital gain on January 2, and invest the estimated tax payment at money market rates, you would likely roughly break even since the 9% penalty rate would be effectively spread out over the four estimated payment dates. Regards, Don

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