EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: R. Ramesh who wrote (6565)	5/27/1999 9:52:00 PM
From: Scott Overholser	Read Replies (2) of 17183

>>If you sell a stock for profit do you have to pay the taxes immediately<< are you living in united states? if so, the answer is this: you must pay taxes when you are required to file your tax return. taxes on capital gains taken today must be paid no later than april 15, 2000. of course, the irs would like you to make scheduled payments over the year - there is a form for doing that. if you have underpaid by too much at filing time you may find yourself facing a penalty. that's the catch. pay now or pay later and face the penalty if it applies. personally, i'd rather put the money to use and pay the taxes at the last possible moment. i've paid penalties before - they've been small compared to the gains on the tax money i've held back. your situation may be different. please don't substitute my rambling for the advice of a tax professional (which i am not.)

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