RooCat said: BladeXrunner: You missed my point. The poster felt they had already underpaid their estimated taxes due to the time frame of the sales (i.e 2nd and 3rd quarters). If there is still money due for the first 3 quarters, using either the annualized or per period method (90%/105%, whichever applies), the sooner the payment to correct this, the sooner the penalties stop running on the amount already underpaid. You're right Roo His tax liability was due on June 15 and Sept 15 and with no withholding there is no way to prevent a penalty. Paying now will stop the 8% simple interest penalty from running longer.There are some posts on this subject from people who don't really understand the workings of Form 2210 and Schedule AI. The AI gives you credit in every quarter for any safe harbor AMOUNT that is applicable (except the $1,000 underpayment). There is only ONE way to figure it and tax estimators DON'T do it correctly. Quicken's Tax Planner even warns you it can't do it properly if you income varies much. You need a 2210 Calculator to do it correctly and the one on www.edcosoft.com is the only one that does it for ANY tax situation with 1999 rates (for less than $300, that is). Ed
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