- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
@VolvoGirl wrote:
Or you can pay an estimate directly on the IRS website https://www.irs.gov/payments
Be sure to pick the right kind of payment and year.....2019 Estimate
That's true, but unless you use a 2210 form to do annualized income for a lump sum payment, or make four equal estimated payments, the withholding option avoids both since withholding is deemed to be spread through the year reguardless of when the distribution is made. As long as withholding , meets the tax burden there is no underpayment of tax penalty even if the distribution is at the end of the year.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎October 22, 2019
2:25 PM