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Free Republic 4th Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $24,546
30%  
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Keyword: iradistribution

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  • Tax Question

    04/13/2017 6:51:39 AM PDT · by Oshkalaboomboom · 36 replies
    Vanity ^ | 4/13/2017 | Oshkalaboomboom
    This is a tax question for next year, not this one. I take 3 or 4 distributions from an IRA. Each time they ask me if I want taxes withheld but I say no. It's not a lot of money, less than $20k/year but at what point will the IRS start to penalize me for not paying a portion in advance? The ideal scenario would be for me to pay whatever I owe each year at tax time but I'm afraid they will fine me more than I would even owe for not paying taxes X amount of times during...