Ferdie-You still have plenty of time to make amends, so to speak. You can either:1. adjust your federal withholdings amount in your paycheck for the remainder of the year, 2. or you can begin paying estimated taxes.First step will be to come up with a rough idea of just how much in the way of additional taxes you will owe. Then go from there.You can avoid penalties by ensuring you have withheld an amount:1. equal to 90% of this year's tax,2. equal to 100% of last year's tax (if AGI > $150k, its' 110%), or3. paying installments under the annualized installment method.Since you've indicated that this year's tax will be substantially higher than last year's, and I'm assuming you don't want to write a huge check on 4/15/00, I'd shoot for the 90% of this year's tax. Key is get started on it now and get it accomplished by 01/15/00.
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