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To: Bill Holtzman who wrote (3026)12/15/1999 8:38:00 PM
From: Lynn  Read Replies (1) | Respond to of 24042
 
Dear Bill,

For people who make under $120,000 (I think), what you say is absolutely correct: one does not have to increase one's quarterly payment as long as one's total estimated payments [including amount withheld] equal the prior year's tax. Over a certain level, however, things change; people have to make sure their total estimated payments are close [I forget the percentage] to the total they will ultimately own.

Regards,

Lynn



To: Bill Holtzman who wrote (3026)12/15/1999 8:50:00 PM
From: Boplicity  Read Replies (1) | Respond to of 24042
 
Oh no you have to pay 90% of your taxes spread out on a qr. bases, or they come get you. <g> Trust me, the only money I send to the Fed are taxes on capital gains. Also, if you have to pay your taxes on a qr. bases, you should pay your state on Dec. 31, to get the deduction.

click on this

irs.ustreas.gov

Greg



To: Bill Holtzman who wrote (3026)12/16/1999 1:08:00 AM
From: Guy Gordon  Respond to of 24042
 
Yes, that is one of the two exceptions I mentioned.