koch@sousa.DEC (Kevin Koch LTN1-2/B17 DTN229-6274) (03/07/86)
In a month or so I'll be selling a house on which I will have
about a $30,000 tax liability. Obviously I'd like to hold onto that
money as long as possible. This means I need to avoid paying
quarterly estimated taxes, so that I can keep the money until April,
1987.
Am I correct in believing that I do not have to pay estimated
taxes, and will not be subject to a fine for underpayment, as long as
the amount I have withheld from my salary in 1986 exceeds my 1985 tax?
Kevin Koch (Koch is it)
...decwrl!dec-rhea!dec-sousa!koch // koch%sousa.dec@decwrl.arpa