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URL:  http://boards.fool.com/in-2000-we-will-be-recipients-of-a-large-annuity-11998973.aspx

Subject:  Re: Estimated Taxes Date:  2/16/2000  11:07 PM
Author:  edcosoft Number:  28963 of 123001

In 2000 we will be recipients of a large annuity due to the death
of my wifes father, which we intend to take as a lump sum
distribution (our combined income is sufficiently large that there
is minimal advantage to taking a five year payout). This
distribution will cause our 2000 AGI to be about the same as for
1999, so our normal withholding will not cover the taxes due for
2000. Do we have to pay estimated taxes in 2000? Since the