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Subject:  Re: Lack of AMT patch by early Jan Date:  12/29/2012  2:28 PM
Author:  katiewa Number:  117236 of 127745

Yes. It's a pay-as-you-go system.

So, as a corollary to the current discussion: we've been up-to-date on taxes throughout 2012. During this last week, we converted a portion of a traditional IRA to a Roth IRA. This conversion causes us to owe taxes. However, since this happened in the 4th quarter of 2012, if I pay the additional taxes by 15 January, I continue to be current?


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