Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Recommendations

0 members have recommended this reply (displayed in chronological order):

Underpayment penalty [View all] walkingman Oct 2023 OP
Google "estimated taxes" and, for next marybourg Oct 2023 #1
Thank you - the "safe harbor" rule might be something I can use. walkingman Oct 2023 #2
I make estimated tax and other kinds of payments using eftps.gov progree Oct 2023 #3
Thanks for the info!! walkingman Oct 2023 #14
Two ways to satisfy withholding requirement IbogaProject Oct 2023 #4
Yes, I need to take the time to get a good estimate of my liability- thanks. walkingman Oct 2023 #15
Link to IRS rules nitpicked Oct 2023 #5
I do have several already matured - I need to do some calc to see what I am actually dealing with. Gracias. walkingman Oct 2023 #16
You must meet your tax obligations on a quarterly basis progree Oct 2023 #6
I wait and don't get a penalty Yonnie3 Oct 2023 #7
Yes, you met your tax obligation on a quarterly basis progree Oct 2023 #9
I have taxable income in every quarter, Yonnie3 Oct 2023 #10
Umm progree Oct 2023 #11
Vanguard allows me to withhold 0% up to 90% IIRC Yonnie3 Oct 2023 #13
That is correct. If walkingman gets interest from the CD in Feb, then he has to pay an estimated tax to Wonder Why Oct 2023 #12
That is what I am a little worried about - was hoping to make a payment or overpayment by EOY.- thanks walkingman Oct 2023 #18
definately too late for that - thanks. walkingman Oct 2023 #17
If you have a good estimate Unwind Your Mind Oct 2023 #8
My thinking also - need to do a little more reasearch - thanks. walkingman Oct 2023 #19
Most of the CDs, not all (maybe 60-70K) are brokered CDs through Fidelity. It would be nice walkingman Oct 2023 #20
Latest Discussions»Culture Forums»Personal Finance and Investing»Underpayment penalty»Reply #17