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Posted by cpabakem01 on March 7, 2008, 12:40 pm
Please log in for more thread options > In recent years the safe harbor percentage rate (to avoid
> underpayment of estimated FIT) has been 110% of the previous
> year's tax with respect to quarterly estimated FIT
> prepayments. I've been unable to locate the rate to be used
> for estimated 2008 estimated FIT prepayments. Can anyone
> provide a pointer?
>
> I have the same question for California estimated income tax
> prepayments.
>
> Thanks.
>
> --
> ----------
> CWLee
> Former slayer of dragons; practice now limited to sacred
> cows. Believing we should hire for quality, not quotas, and
> promote for performance, not preferences.
>
> --
> << ------------------------------------------------------- >>
> << The foregoing was not intended or written to be used, >>
> << nor can it used, for the purpose of avoiding penalties >>
> << that may be imposed upon the taxpayer. >>
> << >>
> << The Charter and the Guidelines for submitting posts >>
> << to this newsgroup as well as our anti-spamming policy >>
> << are atwww.asktax.org. >>
> << Copyright (2007) - All rights reserved. >>
> << ------------------------------------------------------- >>
http://www.irs.gov/pub/irs-pdf/f1040es.pdf
Milt Baker CPA
========================================= MODERATOR'S COMMENT:
Please delete all unnecessary text from the text to which you respond.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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