The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Timing Estimated Tax Payments-Form 1041 K-1||Date: 12/10/2012 11:51 AM|
|Author: vkg||Number: 117091 of 121597|
Yes, it's January 2013 income, but the ES payments can be spread through the four TY 2013 payments.
Rule Your Retirement Home Fool
As always, Phil advice is correct.
Just a comment, because I am acquaited with a couple of people who have a history of tax issues. If the beneficiaries have seen their income decrease, they might be tempted to defer estimated payments and spend the money. It isn't your problem, but depending on how well you know who is asking for advice encouraging them to make all of the estimated tax payment might be appropriate.
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