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So how do you apply the amount "owed" to next years' taxes? Wouldn't you owe interest and penalties on the amount owed?

Thanks everyone for the information. Return filed and payment date set. Easy-pesy!

No, you’re right I’m talking about E-filing with TurboTax. Any specific directions?

How do you do that?

I just did my income taxes and I discovered that I will owe money on this years return. Is it possible to file my income tax return now in March and make the payment of tax due anytime on or before April 15? Or am I required to submit the payment of tax due at the time I file my income tax return?

+1

Thank you for your response. I think what we finally decided to do was to do some small conversions of DW’s T-IRAs. It won’t do much, but it may help to lower her RMD‘s at the time when they come.

Thanks, djsander for the response. Your appreciation is greatly appreciated!

I’m still here. I really appreciate everyone’s response. This has been a very interesting thread!

Push, pull?

That's my situation. I guess I'm good. Thanks everyone for your responses!

Any recommended places to stay with an RV?

I think I'm looking for a direct route, but I plan to take about a week to get there from So. Cal.

What is the best large RV friendly route to the Fishing Bridge area in Yellowstone NP in the summer from Southern California?

I'll will be signing up for medicare soon, but do not qualify for social security retirement benefits. Therefore, I will have to pay the Part B premiums directly to social security myself. For those of you who are paying direct, how is that done? Do you have more than one option? If so, why...

Got it. Thanks!😊

For those of you who make annual Roth conversions over multiple years, I was wondering if you establish a new Roth account each year to help keep track of when you made the conversion in order to comply with the 5-year rule? Please explain your method of recordkeeping for these conversions.

I think that’s a great plan. I have been thinking about going that route as well. What is your current tax rate? And what do you anticipate your tax rate will be when you get to her RMD?

How large is ridiculously large?

Luckily for us, it's for our lifetimes. :-) No caps.

Exactly. Thanks Gumby! You’re soooo smart.😀

Our Part B premiums are employer paid.

I’ve had the Ally money market account question for years. No problems. Plus, I think they even changed the rules to where you can make up to 10 withdrawals per month.

If a person is 60 years of age, and has made a Roth conversion at age 60, can all of the funds be withdrawn in two years without paying any tax? I was wondering how does the five-year conversion rule for Roth conversions come in to play.

I did that, but the ER screen didn't go dark. It's still very bright!