The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Two Related Tax Issues Date:  8/19/2013  11:15 AM
Author:  Opv1419 Number:  119031 of 123001

1.) previous year taxes were $900
2.) less than $1,000 is owed for the current tax year

The lowest safe harbor is $0, item 1.

Thanks for mentioning the 110% rule, as I failed to mention it seeing that it does not apply in our case. And, thanks for the clarification. I can see how the particular criterion that might be met could change in any given year depending on the amount of taxes paid and whether there is a substantial increase or decrease in ones taxable income. And, I can