Last gasp, I swear! Estimated taxes as assets (discussed ad nauseam)

[Qkn Dlx 2011 on Vista Ultimate 32 bit + SP2]

Have read carefully previous discussions on handling estimated (federal) taxes as assets, including paying close attention to methodologies proposed. As (federal) estimated taxes consist of 4 transactions, I - a very simple-minded, lazy and geezer-level user - dare ask...

QUESTION: What benefit(s) are there in going back and forth between asset and checking accounts?

PS I recall discussions on complaints of Qkn reports for calendar year not including the last payment in the following year, etc. etc. etc.

Thank you for your forebearance and patience. Don't mind being talked down to or flamed on this particular matter, so fire away if you must.

Al

Reply to
Al
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AHA!

  1. The advantage lies in reporting needs of user.
  2. The methodology is now crystal clear, due to Bartt's well outlined message and prolonged study & digestion of RC's patient explanations.

Thank's to Bartt and Jo, and to RC over the years.

On a personal note, I see repeatedly that RC claims to have been retired for 20 years. Hope he won the lottery and retired very, VERY early, because he and John and others are the jewels of this forum and should stay around forever. Just a personal opinion, mind you...

Reply to
Al

20 years. Hope he won the lottery and retired very, VERY early, because he and John and others are the jewels of this forum and should stay around forever. Just a personal opinion, mind you...

I'll certainly want to be the first to second that!

Reply to
Andrew

Hi, Al.

Thanks for the kind words. ;

AHA!

  1. The advantage lies in reporting needs of user.
  2. The methodology is now crystal clear, due to Bartt's well outlined message and prolonged study & digestion of RC's patient explanations.

Thank's to Bartt and Jo, and to RC over the years.

On a personal note, I see repeatedly that RC claims to have been retired for

20 years. Hope he won the lottery and retired very, VERY early, because he and John and others are the jewels of this forum and should stay around forever. Just a personal opinion, mind you...
Reply to
R. C. White

Last, LAST gasp... Very interesting, RC. Hope you mean Thomas Stanley's book and not Kara Lennox' American Harlequin Romance #990 of the same title. (Kidding!) Having adopted e-readers some time ago, I'm debating getting Stanley's "Summary: The Millionaire Next Door" in e-form, or trudging over to the library for the real McCoy. Well, I have to renew my library card anyway, so that will be my chance. By the way, I am taking the liberty of quoting everywhere your take on getting rich.

Reply to
Al

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