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

To: Colin Cody who wrote (2113)	12/13/1999 1:34:00 PM
From: k.ramesh	Read Replies (3) \| Respond to of 5810

Estimated Taxes, Can you start paying them any qtr? What if in the middle of the 3Q you realized that you might owe a lot more than previously thought of? ie, in the first 2Qs you made some but figured that your withholdings and deductions, trading losses etc would cover the extra. How in the heck can you estimate your expected trading profits or losses? So, gathering from the previous post of 9% penalty, one should make a good faith effort to pay estimated taxes, but should n't rush to sell losers in order to minimize prior quarters taxes? Any help welcome, 4Q payments by Jan 15th. Ramesh.