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To: agent99 who wrote (64)5/21/1998 5:38:00 PM
From: Len  Read Replies (1) | Respond to of 1729
 
If you earn any income during the year that no taxes have been withheld from, you are required to pay estimated taxes quarterly. There are exceptions having to do with your previous year's tax liability, and some others, but in general, you have to pay as you go.

Some people choose to not pay throughout the year, and just pay the penalties and interest, figuring that they can do better with the money not paid in, to make up for those penalties.

As far as tax issues, there was an extensive discussion at
Subject 5727, during the months of January-April. Check out that thread, and read through the posts during those months. There are also many posts with links to resources that may help.

Len



To: agent99 who wrote (64)5/21/1998 5:45:00 PM
From: R Stevens  Respond to of 1729
 
Len, wasn't intended toward anyone personally.

RE: Taxes, I file estimated taxes quarterly based on income for the quarter. But I hesitate to make comments beyond that since I am not a tax specialist. Perhaps someone will post a location to get that kind of info.



To: agent99 who wrote (64)5/21/1998 7:09:00 PM
From: Darren  Respond to of 1729
 
Any advice on how to deal with tax issues from a trader's perspective? Do you file estimated taxes? Are there any information sources that anyone knows of that deal with these issues?

What taxes? You mean tax credits? <grin>