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Subject:
Item Title: Ever Wondered..."Do I have to make this estimated tax payment?"
Summary:

The IRS requires that a taxpayer make estimated tax payments if he or she expects to owe at least $1,000 in tax after subtracting any tax withholdings or credits. The easiest and most common safe harbor rule to avoid any interest and underpayment penalties when you file your tax return is to make sure that 100 percent of your prior year tax is paid in for the current year. For taxpayers with adjusted gross incomes over $150,000 ($75,000 for married filing separately), 110 percent of your prior year tax must be paid in for the current year.

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We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.

It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.

Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.