Quarterly withholdings

[w2w]

We had fairly large capital gains in the last quarter of 2012 and I know we will owe taxes this year because of it. Do I need to make a quarterly tax payment, or is it okay to wait until we file in April? We won't be within the safe harbor this year.

[y4m]

My understanding is that there will be a penalty if you wait until April, since you don't meet Safe Harbor.

[w2w]

Thanks. I wasn't sure since it was in the last quarter of 2012 that we realized the earnings. I guess I need to figure out how to make a quarterly payment. In the past, I have always just adjusted our w2 income withholdings to accommodate cap gains but we have never had a big gain just in the last quarter.

[mrsfarmer]

Go to IRS website and look for estimated payment coupons.