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To: Scott Overholser who wrote (6566)	5/27/1999 10:49:00 PM
From: SJS	Respond to of 17183

Generally, some portion of the tax is due in the quarter it is accrued. The gov wants their share on large gains via quarterly payments. If you take a large gain in Q2, for example, not ALL of it is due in Q2. Only 1/3 of it. The second third is due in Q3, and the last third is due in Q4. Much of this discussion is predicated on your specific tax status and payin/protection status. You can earn a million bucks in cap gains and not pay ANYTHING until tax time IF you've got the payin protection based on past earnings, etc. It's complicated and I usually ask my tax guy to save my butt on this. All I know is that I've payed penalties for underpayment (mistaking that I had everything covered properly...), and I don't like to do so. Steve

To: Scott Overholser who wrote (6566)	5/27/1999 11:32:00 PM
From: R. Ramesh	Read Replies (1) \| Respond to of 17183

are you living in united states? Yep. if so, the answer is this: you must pay taxes when you are required to file your tax return. taxes on capital gains taken today must be paid no later than april 15, 2000. of course, the irs would like you to make scheduled payments over the year - there is a form for doing that. This was my understanding too - but was not sure due to the penalty class. Also I was trying to take into account the potential profit on the unpaid tax (that you could earn if did not pay tax immediately). Any way it is getting too technical and probably of little value now that you understod my train of thought in raising the issue. Good luck to Holding or Trading Regards Ramesh