Comments on: IRA Trick – Eliminate Quarterly Estimated Tax Payments

By: Withholding Tax Without Income? | Getting Your Financial Ducks In A Row

Withholding Tax Without Income? | Getting Your Financial Ducks In A Row — Wed, 08 Jun 2011 12:34:54 +0000

[...] discussed in the past how it’s possible to eliminate quarterly estimated tax payments by using a withdrawal from your IRA. But did you realize that you can actually put this method in [...]

By: Withholding and Social Security Benefits – Getting Your Financial Ducks In A Row

Mon, 19 Apr 2010 12:11:44 +0000

[...] Withholding From an IRA Distribution. This method is a little-known way to deal with meeting the withholding requirements… essentially, when you take a distribution from your IRA (or Qualified Retirement Plan such as a 401(k) plan), you have the option to have the custodian withhold taxes and report them to the IRS. No matter if you take a single distribution or quarterly or monthly distributions, the withholding is counted as evenly distributed throughout the year – taking timeliness of the distribution and withholding out of the picture. For more details on this method, read “IRA Trick – Eliminate Quarterly Estimated Tax Payments”. [...]

By: Understanding the Underpayment Penalty and How to Avoid It – Getting Your Financial Ducks In A Row

Sat, 17 Apr 2010 12:05:56 +0000

[...] this, you can avoid the hassle of quarterly estimated payments, if you like. See the article “IRA Trick – Eliminate Quarterly Estimated Tax Payments” for all the [...]