this question is related to this thread:
http://answers.yahoo.com/question/index;_ylt=Agnz3W_.Cyi_TEDROMe171ykxQt.?qid=20070222182452AA2ZWzJ
im posting here again so the original ppl that answer my questions can answer my the following questions.
someone said if i would be earning that much interests..lets hypotically say $50,000/year...that i should be pay quaterly to have those money withheld so i wont get a penalty at the end of the year when you file your return. should i contact the IRS and tell them i will be earning that much interest and that they can automatically "withheld" some of the money? how much would money would be witheld each quarterly or monthly, just a rough estimate? or do i need to hire an accountant to do that for me? i dont want to hire someone or pay money when i can do this for myself.
i would like to thank everyone who was helpful in that thread and especially to bostonianinmo, Peggy K, and pusherhomb.
2007-02-22
14:34:13
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4 answers
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asked by
seafood10
3
in
United States