Doing an IRA rollover?  Be careful.  Do you know about the 60 day rule?  It's best to just do a trustee to trustee IRA rollover and then you can avoid the issue.  This article describes some of the dangers.  http://www.accountantsworld.com/DesktopDefault.aspx?page=articles&faid=667&category=story&kw=

 

http://tacomataxcpa.com/

John Huddleston

Huddleston Tax Consulting

Estimated tax payments are due on 9/15.  You need to pay 90% of your current year's tax obligations through estimated payments or through withholding to avoid a penalty.  Alternatively, you can pay 100% or 110% of your prior year's tax obligation (110% if your AGI is over $150,000).  If you think your income is equal or less than 2007, you can have your CPA or tax accountant do a tax estimate to determine a smaller payment.  Don't forget.

 

http://tacomataxcpa.com/

John Huddleston