mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
For those of us that file a form 1040-ES for estimated income tax, our final 2008 contribution to the coffers of your Uncle Sam is due on Jan. 15, 2009.
For those of us that file a form 1040-ES for estimated income tax, our final 2008 contribution to the coffers of your Uncle Sam is due on Jan. 15, 2009.
For those of us that file a form 1040-ES for estimated income tax, our final 2008 contribution to the coffers of your Uncle Sam is due on Jan. 15, 2009.
I made three contributions earlier this year, but then the market's realized capital losses more than made up for skipping the fourth one... now I want the first three back!For those of us that file a form 1040-ES for estimated income tax, our final 2008 contribution to the coffers of your Uncle Sam is due on Jan. 15, 2009.
According tot he information posted here, the penalty rate changes occasionally. The rate for the first quarter of 2009 will be 5%. I don't know if there are any other costs. The penalty is figured on Form 2210, and it is apparently a PITA to compute.when you've underpaid, what was the penalty?
Nords, Tight, - I thought taxpayers had to pay either 100 or 110% of the previous years tax regardless of current conditions. I'm going to check with my tax guy, but is there some kind of an exemption from the 100 or 110% of previous year's tax rule?
According tot he information posted here, the penalty rate changes occasionally. The rate for the first quarter of 2009 will be 5%. I don't know if there are any other costs. The penalty is figured on Form 2210, and it is apparently a PITA to compute.
I just estimate my income each year as being identical to last year's income--it's easy and I will never have to pay a penalty.
The only way to do this honker is with tax software. Manually (as in estimating taxes via 2210 AI) makes my head hurt almost as much as using 8606 for Roth IRA conversions.The penalty is figured on Form 2210, and it is apparently a PITA to compute.