|
LLL2, it depends on whether you can budget for the taxes you are going to owe. I always screw around with my W-4 towards the end of the year and exempt myself to take my total taxes paid in for the year to 90% (or as close as I can). I take the excess withholdings and dump them in a short term CD and make some earnings off of them before remitting them on 4/15. If cash management is difficult, try to project out what you think your tax liability will be for the year and claim enough to have you at approximately 100% paid. Then when you file you don't have to pay but you don't get a refund.
PM me if you would like some assistance on how to project this. I have some excel worksheets that work quite well. I would just need to update them for 2005.
Oh, and if Gar doesn't get to you others first, I'll answer them tomorrow. My assistant is giving me the evil eye for not being out the door already, as I owe her some Cosmopolitans.
Later
|