SafetyinNumbers Posted November 15, 2016 Posted November 15, 2016 I figure a lot of people on this board make tax instalments or are CA/CPAs so please share your view. I have paid instalments for the past few years and historically it has worked out so that I have a small amount owing or a decent sized refund. This year (knock on wood), I'm looking at a payable more than twice my instalment and I'm wondering if there is any advantage to topping up my December instalment or will my future required instalments be unaffected if I do so?
scorpioncapital Posted November 16, 2016 Posted November 16, 2016 In the following year, your installment will be higher but you can switch to the estimated actual amount owing and ignore the installment calculated.
SafetyinNumbers Posted November 16, 2016 Author Posted November 16, 2016 Thanks Scorpion. I wish I could predict my yearly capital gains ahead of time!
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now