Replies to post #14127 on Aurinia Pharmaceuticals Inc (AUPH)

[rumrunner528]

I may be wrong, but most often those who make estimated tax payments do so based on the previous years tax liability. The IRS won't charge a penalty if you pay at least 100% of the tax liability of your previous years tax (making estd payments in 2022 based on 2021 tax) or if you pay at least 90% of your current years tax(2022).
ex. Your 2021 tax liability is $25,000 and your 2022 tax liability ends up being $30,000. In order to escape penalties and interest, you would need to have paid estimated taxes of 100% of the previous years $25,000 or, if you're brave enough to venture an educated guess, you'd need to have paid in 80% of the 2022 liability or $24.000.
Most choose the 100% route as it's much easier to calculate.
So, a capital gain put off until January 2022 would most certainly delay your payment of taxes.

Just my take,

rum

[cervelo]

No what I was saying if the buyout is next year we do not have to claim the cap gains until we send in returns in 2023.

Today was a bit upsetting, what the heck does the market need a daily boost of info and rumors to keep this up.

As my brother calls the MM's and shorters. (turdbuckets)

dang they make me look like a non-complainer.