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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Don Roberts who wrote (273)	4/22/1998 9:12:00 PM
From: Rick	Read Replies (2) \| Respond to of 1383

This is the first year that I expect to have a respectable amount of capital gains and I was wondering how to handle this with respect to withholdings... The scenerio is that I currently have my withholdings set so that I am usually right on come tax time... With the capital gains, I am afraid that this will push my income up enough so that I would have to pay a penalty... What I would like to do is make contributions to my withholding on a per sale transaction... Is this allowed??? I know that you are able to make quarterly payments, but from my understanding you are supposed to either make quarterly payments or have money withheld, but not both... Any suggestions??? I just don't want to be caught short at the end of the year... Thanks...

To: Don Roberts who wrote (273)	5/6/1998 3:41:00 PM
From: WallStBum	Read Replies (2) \| Respond to of 1383

Don - I once read that over 50% of all US corporations are incorporated in the state of Delaware. So is Nevada the "new" thing. Are you the only member of your investment club that you're setting up? I'd be curious how that all works out for you. MN starts at 6%, moves to 8% after $25k (married-joint, and to 8.5% after $100k. So needless to say, it's no good. Am looking for alternatives. Can I create a Nevada investment partnership with my wife as partner and just have a PO box in NV. I imagine MN would still want their share even if it's a NV corp and I'm still a MN resident. dax