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Financial Planning / Tax Strategies


Subject:  Re: Implications/penalties of converting to Roth Date:  1/4/2013  3:18 PM
Author:  0x6a74 Number:  117289 of 127753

The penalty is essentially daily interest until paid. I don't know the exact interest rates for 2012. They haven't been extremely high. I believe for an individual in the range of 3%.

Delaying federal payment until April would like cost you between 1 and 2% of the underwithheld amount.

fwiw : TurboTax says my penalty is about $70 on $3500 tax
.... I figure it's not worth the trouble to deal with ES at
this point
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