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Author: edcosoft Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Work expenses Date: 5/5/2004 8:12 PM
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Well, littlechap, in the interest of poster-information I'm sure you can do better. How about a suggestion for a more concise explanation of the Safe Harbors in fewer words and more understanding that I can copy and use later.

Also, to avoid all that IRS garbage there are tax programs available that will compute his installments in advance, even with his (whoops, her) complications. Put 2210 tax calculator or Installment tax calculator into any search engine and look at what you find.


At a certain point the discussion exceeds a board like this and my suggestion was that he go to the source. You can also call the IRS up on the phone and ask questions. We're all paying for the service, might as well use it.

That's what I was getting at. Her inquiry was too vague but we shouldn't answer it with guesses and wrong rules of thumbs and generic links when we could be specific in what we do do. Referring anyone to call the IRS is is a run-around, particularly when she doesn't even hknow what to ask them. No wonder their "good guess ratio" is less than 50%. Most of your information doesn't apply to her in any way.

All those computations are a pain in the neck, so most people are well advised to use any of the better tax programs out there to do the work automatically

That's why we give specific information when we know it and in this case the popular tax programs won't do what she needs. Computing installments on the AI when the safe harbors won't work is not availabe from the major tax programs (see above), but before that she needs info on Schedule C, SE and 2210 in general. ed
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