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Financial Planning / Tax Strategies


Subject:  Estimated Taxes Date:  3/22/2013  8:39 AM
Author:  JLC Number:  118113 of 130765

DW has to pay estimated quarterly taxes. Has never been a problem in the past, income has been fairly consistent. However, this year, she is expecting anywhere from 15-30% decrease.

She obviously doesn't want to keep paying at the old rate, would seriously hurt her cash flow. But doesn't want to underpay because there could be penalties involved.

Any suggestions? Sounds like a damned if you do damned if you don't situation.

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