Credit Card offers- Onile savings account- personal insurance » Extra http://www.cashorcredit24.com Find answers for all your financial problem Fri, 29 Apr 2011 17:58:04 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Cashing out a mutual fund and owing the IRS? http://www.cashorcredit24.com/cashing-out-a-mutual-fund-and-owing-the-irs http://www.cashorcredit24.com/cashing-out-a-mutual-fund-and-owing-the-irs#comments Wed, 16 Sep 2009 11:56:21 +0000 admin http://www.cashorcredit24.com/cashing-out-a-mutual-fund-and-owing-the-irs mutual fund
Alyssa asked:


I cashed out a $6,000 mutual fund and know I will owe a lot on my 2008 taxes. How can I start “paying back” the IRS now to avoid dept in April? I’ve started contributing more to my 401K to lower my taxable income and I’ve increased my W4 contributions to claim 0 and take out $50 extra per pay check. Any other suggestions?

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