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Author: bjrady Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121218  
Subject: A few Questions Date: 1/23/2002 12:54 AM
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I've tried calling the IRS twice to get these answered, so I think I'll just ask here:

- Do my witholdings need to be within 90% of my tax burden for salaried income? As it stands now, I will owe a significant amount (more than 50% of my total tax liability) at then end of 2002.

- (Follow up) If they don't need to be within 90%, what's the best place to put money set aside for taxes? Treasury issues? A CD? I won't need it until April of 2003.

- How does student loan interest deduction work? Is it interest paid that year, or accrued that year? or is there a difference?

- What kinds of relocation allowances are deductable?

- Are Roth IRA distributions of the principal (original money invested) really tax and penalty free, no matter what?

If you know the answers to any of these...or know where I can find the answers...please reply.
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