The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/if-i-were-not-still-on-strike-i-would-say-the-14334970.aspx

Subject:  Re: how is it Date:  2/13/2001  12:26 AM
Author:  JABoa Number:  46312 of 121572

If I were not still on strike, I would say the following. It is because you are smart and because you may have other income such as dividends and capital gains. Your taxes do not change if you do or do not get a refund (let's call it that; the return is the 1040 in customary parlance), just the time at which you and Uncle Sammy have settled up.

Some people need to overwithhold, because they would just go out and spend the money if they didn't, and then they'd not have the owed taxes on April 15.

I've got some income from rental apartments and withhold with 0 exemptions and even have extra taken out. This frees me from having to file quarterly. Maybe your circumstance is similar.

Back on strike.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us