[[ Hi all]]

Yorker!!!!

[[ Amazing what paying a little attention can do.]]

Isn't it though....

[[ While for the last three or four years I've been avoiding paying estimated taxes
by increasing the amount withheld (withheld $14 more in 1998 than taxes paid in
1997), I'm sailing far, far out of my safe harbor in 1999 (technically wrong but I
like the imagery).]]

Actually, the imagery IS very nice...

[[ So being a well-meaning citizen I've been sitting here trying to figure out how
much tax I'm going to be paying in 1999 so I can send the IRS their share this
Friday.]]

Good deal...

[[ After I confirmed that I'd withheld enough to satisfy for 98, I tried to figure out
what I'd actually be paying come April so I could send 1/4 of this at the end of
this week to build me another safe harbor for 99, although this one will be a
105% of 98 harbor just in case.]]

But making a 4th Q estimated tax payment doen't insure you a safe harbor for 1999. So perhaps I'm missing something.

[[ Seems being new to estimated taxes I was
going to pay Q1 99 *now*. I do feel silly now, but just think how unfair I
thought the IRS was being.]]

Right...1st Q 1999 isn't due until April 15, 1999. So you've got plenty of time.

If you would like to read more about estimated taxes, check out my post on that issue in the Taxes FAQ area.

TMF Taxes
Roy

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