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

To: Mark[ox5] who wrote (680)	2/1/1999 4:05:00 AM
From: Nelson Chang	Read Replies (2) \| Respond to of 1383

What is the penalty for not paying estimated taxes? I read somewhere that it is 9% annualized or the return of a 30-year bond. Is this correct? The same book also said that many chose not to pay the estimated taxes since the penalty was so low. I would do the same if in fact it is so low. Just reinvest the capital instead of losing it to taxes. 9% isn't much for traders. Thanks in advance. ...and are there any other penalties besides getting on the bad side of Uncle Sam?