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Author: RainGod Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121258  
Subject: Estimated taxes-boy do I feel silly Date: 1/12/1999 8:47 PM
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Hi all

Amazing what paying a little attention can do.

While for the last three or four years I've been avoiding paying estimated taxes by increasing the amount withheld (withheld $14 more in 1998 than taxes paid in 1997), I'm sailing far, far out of my safe harbor in 1999 (technically wrong but I like the imagery).

So being a well-meaning citizen I've been sitting here trying to figure out how much tax I'm going to be paying in 1999 so I can send the IRS their share this Friday.

After I confirmed that I'd withheld enough to satisfy for 98, I tried to figure out what I'd actually be paying come April so I could send 1/4 of this at the end of this week to build me another safe harbor for 99, although this one will be a 105% of 98 harbor just in case. Seems being new to estimated taxes I was going to pay Q1 99 *now*. I do feel silly now, but just think how unfair I thought the IRS was being.

But I'll be ready for the next deadline.
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