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Retirement Discussions / Retire Early CampFIRE
|Subject: Re: quarterly tax payments||Date: 1/26/2000 9:21 PM|
|Author: arrete||Number: 2610 of 740365|
I am a bit confused about estimated tax payments. Does the gov't really care whether you've made four
quarterly estimated tax payments, or simply that the tax money is paid by year-end?
I know that in theory it's supposed to be a "pay as you go" system, but in practice I don't see how they would know if I received non-salary income (e.g. stock sales, option exercises, IRA distributions) throughout the year or just in December.
I have found a somewhat old post (#63) by TMF Taxes on the Inheritance Strategies board that is chock full of info about estimated tax payments. Useful for anyone that has the priviledge of paying those pesky things.
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