Trust your own understanding of your situation, Dick - and once you know
what you want your 1040ES payments to be, you can get vouchers from
http://www.irs.gov/pub/irs-pdf/f1040es_04.pdf which contain interactive form
fields.

--
Michael Gordon
MVP


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:ecDYa3fHFHA.3196[at]TK2MSFTNGP15.phx.gbl...
- quote -

That was certainly my theory last year.

I'm a little mystified why the coupons are such a large amount this year.
They give no hint how the value is calculated. Curiously, the prediction
inherent in the values from the coupons is not that far off M04 Tax
Estimator. I haven't figured out why it's so high, either, but I do have a
large one-time income item scheduled in Money, so that--and how I estimated
the associated withholding--may be part of it. (OTOH, TurboTax knew nothing
of either of those.

"Steve" <sjcohen730[at]aol.com> wrote in message
news:1109642099.941642.151770[at]g14g2000cwa.googlegroups.com...
- quote -

Dick,
If you know the IRS rules and you are monitoring your situation
quarterly and making sure your withholding matches up with your
potential liability, don't worry about it. Steve

Two years in a row, last year with CompleteTax.com and this year with
TaxFreedom.com (TurboTax), the efile solution I've used has printed 1040ES
coupons. Presumably, they think that I'll use these to send in quarterly
estimated payments. Both years this has been done without asking anything
(like what am I having withheld right now) that would enable any sane
computation of where my tax liability vs. withholding will end up for this
year. (Last year, the amount they wanted would have worked out about
right-reducing my April 15th bill to 20% of what it is. Either way, I'm
within 10% and withheld more than last year. I'd like to think this was a
good sign, but this year's would indicate I'm WAY OFF and not that much,
besides my withholding amount, has changed. Nowhere did they ask about
that.)

So, my questions:

What happens if I ignore these things this year like I did last year?

Anybody else seeing this?

Is this just some way to generate extra cash flow that was "wired" into the
efile provider validation requirements?