On Mar 25, 2:17*pm, "Taxlover" <taxlo...[at]yahoo.com> wrote:

- quote -

Yes.

- quote -

That depends on how much your accountant actually knows about your
personal business beyond what he needs to prepare your tax return each
Spring.

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I had an very large capital gain in 2007, but paid no estimated taxes
because I had very little income in 2006.

So, I now have to pay a big slug of NY income tax.
I will have almost no income in 2008, so I will get no tax deduction for the
NYIT.

Should I have paid NY estimated taxes in 2007 to get the the deduction moved
to 2007 rather than 2008?
Should my accountant have picked this up?

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