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Posted by D. Stussy on June 26, 2008, 5:03 pm
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> wrote:
> > removeps-gro...@yahoo.com wrote:
> > For those who pay estimated taxes, this is a really good way to make the
> > first installment.
> > In fact I've a couple of clients who say each year "let it (overpayment)
> > ride!". One of these let her last year's overpayment suffice for all
> > four installments for 2008! Talk about convenience!
>
> But you lose lots of interest this way. Better to keep the money in a
> savings account, CD's, treasurys. With EFTPS, making estimated
> payments should be pretty easy. Ideally, people making estimated
> payments should make 5 of them for a tax year -- the usual 4 to pay
> 90% of the tax due, and a last one on April/15 to pay the remaining
> 10%.
Most people aren't smart enough to figure that out - or just don't care.
--
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