Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-15-2018, 11:15 PM
Junior Member
Join Date: Apr 2018
Posts: 1
RMD taxes including other income tax

I will turn 70 ? this year and will take my first RMD. My wife and I also have other taxable income on which up to now we have been paying quarterly estimated taxes. Since the tax due on RMD distributions is deemed as payed equally on each quarter even if it is actually payed at the end of the year, does this mean that we can accumulate all of our taxes otherwise due throughout the year, including that due on the RMD, have the RMD sent to our bank, and pay the entire estimated tax for 2018 on Jan. 15, 2019?

Thank you.

Kent Wendler
Champaign, IL

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
I've never paid income taxes and need to come clean Pipeliner Income 2 04-16-2014 06:01 AM
Do I need to file if I don't owe taxes even if my COD income is not excluded? mileena For 2013 5 03-31-2014 01:23 PM
Including Parents As Dependents Ariean Miscellaneous 0 03-25-2014 09:14 AM
Question on income taxes karusalar Income 1 09-11-2013 04:55 AM
Will I pay taxes on this income? SteveFlying For 2012 1 12-21-2012 12:15 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning