Thanks, everyone !

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"JohnEyles" <jge[at]cs.unc.edu> wrote:

- quote -

Generally, withholding is deemed as paid evenly throughout the year.

I'm not sure a pension or annuity plan will be as willing to
adjust withholding, as they may be on more of a set % of
withholding than a table as a W2 employer is.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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John Eyles <j...[at]cs.unc.edu> wrote:

- quote -

Yes John ALL withholding may be treated as averaged or in
the specific period it was withheld, Many seniors with RMDs
don't pay installments but have their RMD agent withhold
enough tax to either meet the last year's tax safe harbor,
or the 90% of current year's tax safe harbor. This has a
lot of advantages of Leaving money in the IRA for the
longest time, paying the taxes in December out of funds
drawn in December, no installment concerns or form 2210 or
penalties.

Be sure yur IRA Aagent is willing, can you just tell them
verbally or must they have something in writing. How much
leadtime because it must be withheld in December or earlier.
etc.

ede

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JohnEyles <j...[at]cs.unc.edu> wrote:

- quote -

Withholding is withholding, no matter what tax form it is
reported on. It all goes on the same line of your 1040 form.

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JohnEyles <j...[at]cs.unc.edu> wrote:

- quote -

Rule or not, the IRS does not have a way of determining how
withholding is achieved throughout the year. Only the total
is reported.

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JohnEyles wrote:

- quote -

Considering withholding as evenly withheld throughout the
year is the default setting. Optional is proving that it
was not.

Thus if you got a large IRA withdrawal in March, it might
behoove you to use actual withholding per quarter instead of
the optional default method.

ChEAr$,
Harlan Lunsford, EA n LA

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JohnEyles wrote:

- quote -

Yes.

-Mark Bole

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"JohnEyles" <jge[at]cs.unc.edu> wrote:

- quote -

Yes. All withholding from all sources is treated the same.
It's spread evenly through the year unless you elect on Form
2210 to have it applied as withheld. See IRS Publication
505.

--
Phil Marti
Clarksburg, MD

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When I was a W-2 employee, there was a nice rule that said
that ALL money withheld from my wages were considered to be
evenly withheld throughout the year, regardless of when they
were actually withheld. For example, if forseeing a big
underpayment penalty, one could dramatically increase one's
withholding for the last few pay periods.

I'm wondering if the same rule applies to withholding on
1099s - the 1099-R (for annuties and pensions) in particular
?

Thanks, John

<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >