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Author: RooCat Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120818  
Subject: Re: Underpayment of estimated tax Date: 10/20/1999 10:48 AM
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I think the bottom line here is that the sooner you pay in estimated taxes that either equal 90% of what you expect to owe for 1999 or 100/110% of 1998 taxes, the sooner any penalties will stop running. Others have suggested various tax estimating programs you can utilize. This looks like the best idea to me. I wouldn't necessarily rely on the annualized income method exempting you from the potential penalties.
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