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Author: BobStL One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: Owing too much Date: 7/25/1999 7:44 PM
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If all goes according to plan, you will be a filing as a
Single taxpayer for tax year 1999. You should figure
your "tax liability" ahead of time. Like right now!
To avoid any tax penalty, you want with-holding to
be 90% of your 1999 "tax liability" or 100%. of your
1998 "tax". (this is called Safe Harbor) Since you filed jointly for tax year 1998, you could use one-half of the "joint" tax liability for last year to figure your 1999 safe harbor amount. (This part is where I'm looking for some "confirmation" from others - it
can get complex due to the divorce.) The divorce
causes tax concerns when there are dependents, alimony, support-agreements, ( not child support) or health/life insurance policies that you have to pay, for her, over specified years. Many of these can be deductible items.
Good Luck.
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