The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Quarterly Taxes||Date: 8/15/1997 8:08 PM|
|Author: MostCurious||Number: 186 of 121802|
I'm no expert, so double check this.
If the 140k income comes from salaries/wages, let the employer withhold enough at the end of the calendar year, from the last few paychecks, to cover the estimated tax liability.
Otherwise follow the instructions for the estimated tax payments, i.e. if the gain was realized in this quarter,
make the estimated payments in October and January, as per 1040ES instructions.
Hope this helps.
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