ivangg
Aug 22, 2008, 09:55 PM
Hello,
I had some stocks from a company which was sold and I gained around $40,000, which are a long term gain. I am being told that I have to return money to the IRS now, before the end of the year, because it is not good to owe the IRS too much at the end of the year and I may get a fine. Is this true and what form(s) should I fill to return the money? How much is the tax for this money?
Thanks,
Ivan.
I had some stocks from a company which was sold and I gained around $40,000, which are a long term gain. I am being told that I have to return money to the IRS now, before the end of the year, because it is not good to owe the IRS too much at the end of the year and I may get a fine. Is this true and what form(s) should I fill to return the money? How much is the tax for this money?
Thanks,
Ivan.