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To: taxman who wrote (35956)1/3/2000 3:20:00 PM
From: abbigail  Read Replies (1) | Respond to of 74651
 
Dear Taxman,

Mea Culpa, you are correct,

but as a practical matter most of my clients do not pay estimates based on a running tally of current gains & losses but on last years tax * 1.10/4, adjusting if possible with tax loss selling in November/December.

Thanks though for your thoughts,

Abbigail



To: taxman who wrote (35956)1/3/2000 3:24:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 74651
 
Taxman,
RE:"sorry, but estimated installment payments are required"

Since when are estimated installment payments "required"?
You can always pay the government interest...

Jim


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