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Financial Planning / Tax Strategies


Subject:  Re: Trader tax bracket Date:  7/11/1999  12:43 AM
Author:  edcosoft Number:  17157 of 127745

That's exactly the "research" that I also did today. Looks to
me like since my goal is a 30% return, (I've been doing much
better than that :) that I might as well just file as normal and
let the IRS figure out the exacts on the 9% intrest that I owe
them for not paying in increments throughout the year. I think
this is what you suggested in the Tax FAQ (which is a great
resource, BTW)

Actually all you have to do is have enough withholding from your salary to equal 1998s tax (or 105% if you had a AGI of $150,000 or over in 1998), even if it is one shot in December. Then there's no penalty and you can pay the rest next April. No installments necessary. Also, the interest rate is currently 8%. Since you like to study, read Form 2210 and Instructions for this "safe harbor". Ed
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