2017 Estimated Tax Or Skip It?

Rating: 1 Posted By: JW10 Views: 127 Replies: 2 In 2015 and 2016, I converted some regularIRA to ROTH conversion IRA for the long term benefits. About $25,000 convertedeachyear I was not financially healthy enough to pay the taxes on the whole ball of wax. I paid estimated taxes each year to allow for taxes on the IRA to Roth conversion.

Topics:  rating   posted   views   replies   security   myira minimum distribution   i   roth   roth   taxes   year   based   offset   payments   pay   car   
BING NEWS:
  • Ask Amy: I took free tax advice from my boyfriend’s dad. Now I’m discovering problems that go back years.
    Dear Amy: My boyfriend’s dad is a CPA, with decades of experience. A few years ago he offered to do my taxes, due to the sudden complexity because of an inheritance – and I was using cheap software ...
    04/30/2024 - 3:26 am | View Link
  • How Potential Tax Changes May Impact Your Construction Biz
    I just received a review of pending tax changes that I have been told will become law for 2023 and 2024. And when they do, many contractors will have the opportunity to amend their 2023 tax returns ...
    04/29/2024 - 6:09 pm | View Link
  • Kansas Gov. Laura Kelly prevails in tax cut showdown as veto override fails by one vote
    Supporters of a wide-ranging tax cut package failed to override Gov. Laura Kelly’s veto after Sen. Dennis Pyle, who originally voted in favor of the bill, voted against the override.
    04/29/2024 - 11:00 am | View Link
  • Economic growth must be a priority for tax reform
    Businesses consider several factors when deciding where to invest, and it’s no secret that one of the most important considerations is taxes.
    04/29/2024 - 10:23 am | View Link
  • Treasury Raises the Amount It Expects to Borrow. Tax Receipts Are Falling Short.
    Deutsche Bank’s Strategist Steven Zeng predicts April to June estimated borrowing to come in at $162 billion in borrowing, while Morgan Stanley’s Matthew Hornbach puts it at $166 billion.
    04/29/2024 - 8:03 am | View Link
  • More