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Old 04-28-2009, 10:18 PM
D. Stussy
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Default Re: Estimated tax question

"Steve Pope" <spope33[at]speedymail.org> wrote in message
news:gt7h6a$96r$1[at]blue.rahul.net...
- quote -

> I have about a $3000 federal overpayment in 2008, which I will
> apply to my 2009 estimated taxes once I file my 2008
> taxes which I plan to do before October 15.
> My question is when is this payment credited? Can
> it count as being made on April 15 (since the
> funds were already in the Treasury's possession
> at that time), or must I count it as a late payment,
> made on the actual 2008 filing date?


For purposes of computing the estimated tax penalty, yes as a first quarter
payment.

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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. > << ------------------------------------------------------- >
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Old 04-28-2009, 08:59 PM
Steve Pope
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Posts: n/a
Default Estimated tax question

I have about a $3000 federal overpayment in 2008, which I will
apply to my 2009 estimated taxes once I file my 2008
taxes which I plan to do before October 15.

My question is when is this payment credited? Can
it count as being made on April 15 (since the
funds were already in the Treasury's possession
at that time), or must I count it as a late payment,
made on the actual 2008 filing date?

If I fill out form 2210 for 2009 which date should
I use? Is it advantageous to file before June 15
so that payment can be credited for that date?

Thanks,

Steve

--
<< ------------------------------------------------------- > << 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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