The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Lack of AMT patch by early Jan||Date: 12/29/2012 1:39 PM|
|Author: TMFPMarti||Number: 117235 of 121585|
But if I make the estimated payment and don't owe anything come filing time (even get a small refund perhaps), I still have to pay a penalty because the 1st three quarters were low?
Yes. It's a pay-as-you-go system.
You have the information to calculate how much the penalty would be, so you can compare that to what the opportunity cost of the ES payment would be and make a fully-informed decision.
Rule Your Retirement Home Fool
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|