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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: doniam who wrote (5316)	11/11/1999 8:06:00 PM
From: Craig Bartels	Respond to of 18137

>>If the witholdings from the day job were more that the >>tax liability was last year then no frown, otherwise >>perhaps a frown and penalty, but you are probably making >>more with the payment money invested in the trading >>account than the penalty (interest) would be. Hmmm..It looks like I will need talk to my tax consultant. I think I could maybe get by without any tax penalties if I start deducting my whole paycheck for a couple of months. Thanks for all the responses.

To: doniam who wrote (5316)	11/11/1999 8:10:00 PM
From: Craig Bartels	Read Replies (2) \| Respond to of 18137

>If the witholdings from the day job were more that the tax >liability was last year then no frown, otherwise perhaps a >frown and penalty, but you are probably making more with >the payment money invested in the trading account than the >penalty (interest) would be. >-Don Okay, so you mean that if my total tax witholdings this year is greater than the total tax withholdings last year(not the bill I had in April), then I am okay? I will probably have to start deducting all my wages for the rest of the year..I rolled over my IRA to a ROTH(which I had day traded some), and had a huge capital gains to pay out..so my tax liability last year is probably greater then what I have paid out this year. CHB