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Financial Planning / Tax Strategies


Subject:  Re: Check vs. EFTPS: Does it matter which? Date:  6/2/2012  7:06 AM
Author:  billjam Number:  116203 of 127513

What Phil said. I switched to EFTPS a few years back. Love it. I setup estimated payments for the first 3 quarters in January and don't have to worry about it again until December. I leave fourth quarter until December since that's when I may take some extra capital gains or adjust my final IRA withdrawal. I may have to pay a little less or a little more but I usually tweak that last payment so I haven't overpaid, at least not much.

On the plus side vs. checks, once you have the confirmation your online instructions have been received you don't have to worry about the check getting lost in the mail. If you have online access to your bank account you can confirm they took the payment as scheduled too.
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