<bbcrock[at]gmail.com> wrote:

- quote -

With no more info, my guess is you are paying AMT tax. Give
us some real salary amounts/exemptions/etc. At any rate,
consider asking your employer to withhold a fixed amount
above the computed withholding in lieu of paying an
estimate. The advantage is that W-2 wihholding is considered
withheld evenly over the year but the estimates are
literally counted when made. Besides, it's easier to budget
by paycheck than by quarter....at least for me.

Mike

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I paid a large tax issue this year and am planning to file
quarterly taxes in June. We are a two-earner family with
similar salaries. Kids, mortgage, minor dividends, no
capital gains, nothing fancy.

Right now we are both withholding money via the w-4 at the
single rate with zero exemptions which we did as of April.

I did a back-of-the-envelope calculation that shows we will
STILL owe money next year even at this single rate with no
deductions. I plan to file quarterly taxes in June to make
up this shortfall.

Can someone explain if there was a change in the withholding
law that would cause this? I asked coworkers about this and
everyone grumbled about tax problems this year.

If anyone can point me to a news article or technical piece
about this, I would be most grateful.

thanks!

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >