Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: diana g who wrote (3589)	1/24/2001 8:37:36 PM
From: Nutty Buddy	Respond to of 5810

Maybe President Bush can help simplify this mess. Frankly, I'd rather pay a penalty than overpay, and I figured the penalty I would have paid (not using 2210) last year was insignificant (about 2% of the estimated tax payment sent in this month) based on the gain and tax due. If that gain would have been in the first quarter rather than the fourth, I could have more than recouped the penalty by the end of the year - with realized and/or unrealized gains. Boy, investing in IRAs sure is a lot easier. That's where I gained my experience. Thanks for the help. Buddy