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Author: goodeeds Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Estimated Tax Payments Date: 1/6/2001 10:51 AM
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If you know you have paid at least 90% of your 2000 tax or have met the safe harbor requirements (based on your income either 100% of 1999 tax or about 109%) then you will not be liable for any penalties and you don't have to pay the fourth estimated tax payment.

You can check this out on the irs.gov site. Read the estimated tax instructions. There is a worksheet that shows you how to figure each quarterly estimated tax payment based on your quarterly income and withholding. (It is worksheet 2.10 in chapter 2 of Estimated Tax for 2000) You can complete this worksheet if you want to prove to yourself that you won't owe a fourth estimated payment.

Dan
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