Tadpole
Thinks s/he gets paid by the post
- Joined
- Jul 9, 2004
- Messages
- 1,437
Is it this simple?
If taking all my husband's RMD in the 2nd quarter means that 70% of our yearly income occurs in the first 2 quarters, is it sufficient that my taxes paid by the end of the second quarter are slightly larger than 70% of my taxes owed for the year?
For example, suppose the total tax owed for 2017 was exactly $10,000. Can I satisfy the law by paying at least $7,000 in taxes by the end of 2nd quarter?
If taking all my husband's RMD in the 2nd quarter means that 70% of our yearly income occurs in the first 2 quarters, is it sufficient that my taxes paid by the end of the second quarter are slightly larger than 70% of my taxes owed for the year?
For example, suppose the total tax owed for 2017 was exactly $10,000. Can I satisfy the law by paying at least $7,000 in taxes by the end of 2nd quarter?