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To: Jim McMannis who wrote (94984)1/4/2000 4:50:00 PM
From: Robert Douglas  Read Replies (1) | Respond to of 186894
 
Jim,

Despite the lame excuse that people are selling after the first so they won't have to pay taxes until April 2001? Somebody should inform CNBC that the IRS requires installment payments. Next one due 3/31/200

I'm no tax accountant, but I believe that as long as you pay one-fourth plus 5% of last year's tax bill that you meet all the IRS requirements for estimated taxes. Also, I believe that the first payment for 2000 is due 4/15/2000. Any tax accountants out there?

[EDIT] That's one-fourth plus 5% each quarter.



To: Jim McMannis who wrote (94984)1/4/2000 4:55:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
McJaJaMan - Re: "Would you consider today, DOW -359 and Nasdaq -229 a "McPanic" attack?"

Yes I would.

Paul



To: Jim McMannis who wrote (94984)1/4/2000 7:30:00 PM
From: f.simons  Respond to of 186894
 
>>Next one due 3/31/200<<

Assume you mean 3/31/2000 <VBG>

Frank



To: Jim McMannis who wrote (94984)1/4/2000 11:23:00 PM
From: Amy J  Read Replies (3) | Respond to of 186894
 
RE: "Somebody should inform CNBC that the IRS requires installment payments. Next one due 3/31/200"

Hi Jim,
Next one is due in a few days. I don't understand these installment payments - i.e. how is a person suppose to guesstimate/predict one year's worth of future capital gains? Any estimate would be a WG.

Amy J