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Old 03-07-2008, 04:40 PM
cpabakem01@yahoo.com
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Default Re: Safe Harbor Percentage?

On Mar 7, 10:05*am, "CWLee" <cdubya...[at]post.harvard.edu> wrote:
- quote -

> In recent years the safe harbor percentage rate (to avoid
> underpayment of estimated FIT) has been 110% of the previous
> year's tax with respect to quarterly estimated FIT
> prepayments. *I've been unable to locate the rate to be used
> for estimated 2008 estimated FIT prepayments. *Can anyone
> provide a pointer?
> I have the same question for California estimated income tax
> prepayments.
> Thanks.
> --
> ----------
> CWLee
> Former slayer of dragons; practice now limited to sacred
> cows. *Believing we should hire for quality, not quotas, and
> promote for performance, not preferences.
> --
> << ------------------------------------------------------- > > << 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 atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- >

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

Milt Baker CPA

========================================= MODERATOR'S COMMENT:
Please delete all unnecessary text from the text to which you respond.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 03-07-2008, 04:37 PM
removeps-groups@yahoo.com
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Posts: n/a
Default Re: Safe Harbor Percentage?

On Mar 7, 7:05 am, "CWLee" <cdubya...[at]post.harvard.edu> wrote:

- quote -

> In recent years the safe harbor percentage rate (to avoid
> underpayment of estimated FIT) has been 110% of the previous
> year's tax with respect to quarterly estimated FIT
> prepayments. I've been unable to locate the rate to be used
> for estimated 2008 estimated FIT prepayments. Can anyone
> provide a pointer?
> I have the same question for California estimated income tax
> prepayments.


Search for "1040-ES 2008"

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

For California "540-ES 2008 instructions"

http://ftb.ca.gov/forms/2008/08_540esins.pdf

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 03-07-2008, 02:05 PM
CWLee
Guest
 
Posts: n/a
Default Safe Harbor Percentage?


In recent years the safe harbor percentage rate (to avoid
underpayment of estimated FIT) has been 110% of the previous
year's tax with respect to quarterly estimated FIT
prepayments. I've been unable to locate the rate to be used
for estimated 2008 estimated FIT prepayments. Can anyone
provide a pointer?

I have the same question for California estimated income tax
prepayments.

Thanks.

--
----------
CWLee
Former slayer of dragons; practice now limited to sacred
cows. Believing we should hire for quality, not quotas, and
promote for performance, not preferences.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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harbor, percentage, safe
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