The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/the-problem-with-a-reliable-free-online-reliable-19170428.aspx

Subject:  Re: Help Estimating Taxes Date:  6/11/2003  1:07 AM
Author:  edcosoft Number:  65778 of 121114

The problem with a reliable free online reliable free online tax estimator is that the tax laws for 2003 have been recently changed. The IRS has a tax calculator at http://www.irs.gov/individuals/page/0,,id=14806,00.html. Since the new laws should not increase your taxes, even if the calculator is using the old rules it should estimate high.

Well, the calculator at http://www.edcosoft.com/qitc.html is reliable and free AND uses the new (May 2003)tax laws. Wouldn't you think the IRS could have done this? If you paid 1/4 of 110% of last year's tax, and are heavy into dividends and gains and AMT you can REALLY reduce your installments with this calculator because it computes form 2210 Schedule AI in advance for the lowest deposit to avoid a penaly. Use if for your June 15 installment!
ed

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