Re: estimated taxes safe harbor

Sep 08, 2007 0 Replies


> Always one for trying creative solutions (but still well


>> within the borders of the law), would the following work?
>>
>> Make an IRA withdrawal (distribution) to make up estimate
>> shortfall (plus some cushion); Have the IRA
>> custodian/trustee withhold the entire distribution for
>> taxes; Within 60 days, pay into the IRA the same amount as
>> distributed/withheld.
> I seriously doubt the IRA custodian will withhold more than
> 25% as taxes, but 25% is better than none.

Art. T.Rowe Price will withhold up to 100% of any withdrawal, (including RMDs) and usually will do it verbally in one phone call. I can't imagine why any company would put a limit on it. ed



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