The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Estimated Taxes||Date: 7/20/1999 10:39 PM|
|Author: JoserFool||Number: 17540 of 119750|
Thanks for your help Ed! You are right New York has a similar form..it is IT-2105.9. Like the Federal Requirement you pay a penalty if you
1.) Don't have 100% of last year's liability withehld this year
2.) Don't have at least 90% of what you owed in the current year
There is one more condition if you Owe less than $1000 federally there is no penalty. For New York state there is no penalty if you owe less than $100 to the state.
I found my information by looking at yahoo tax form category. You post helped me do a search on the correct wording once I got to the Tax form section.
Jose R Fool
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