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Author: Beaver1956 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: Company stock and taxes Date: 3/27/2000 1:45 PM
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If you took a Lump Sum distribution of your retirement account in 1999, check if you can do 5 year averaging(1999 is the last year it can be done). Also, if you meet certain requirements you can pay estimated taxes for 2000 based on 100% of your 1999 taxes.(This is advantageous if you think that your 2000 taxes will be higher than 1999). There will be no penalty no matter what the balance due is on 4/15/2001. It is a good idea to check ASAP with a good tax advisor.
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