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Well that may actually happen but not related to our discussion so far. BIAWX had a not so great performance in 2025 and has been struggling. I did sell a few shares prior to the distribution to fund another position and may sell a few more to add to CGIC. But more importantly Brown Advisory has also created an ETF version of this fund BASG which would be easier (cheaper) to add to should they regain their footing. Just watching for a while longer.
I would look at Brown Advisory BAEF Flexible Equity, unless you are committed to the ESG mandate. The usual definitions are so broad you can drive a truck through it. . Lot less tech in BAEF
Given the headlines about AI , data centers vacuuming up power and water, recent suit against MSFT partner OpenAI for contributing to homicides I would not think there is much ESG here.
BASG is 25% MSFT NVDA AMZN
Other Brown funds are worth a good look too. They have a pretty wide coverage with many decent funds.
A few of my growth funds did too. I am planning now to up my January estimated tax payment to avoid a penalty, as I liquidated an inherited IRA this year also.
I am planning now to up my January estimated tax payment to avoid a penalty, as I liquidated an inherited IRA this year also
The IRS doesn't look favorably on unequal, backloaded payments. Though it's always happy to get its money early if one wants to frontload estimated payments.
Hopefully it won't care and you might wait and see. Or you could file a Form 2210 Schedule AI. The AI is for "annualized income". It's a way to tell the IRS that you made timely estimates - paying larger quarterly estimates when you had larger quarterly income.
The schedule is tedious because you need to look through your records to break your income up into quarters. I did this in a few years when I had outsized income, usually in the last quarter.
"Quarter" doesn't actually mean three month periods. For this purpose, a "quarter" means Jan-Mar, Apr-May, June-Aug, Sept-Dec.
I am planning now to up my January estimated tax payment to avoid a penalty, as I liquidated an inherited IRA this year also
The IRS doesn't look favorably on unequal, backloaded payments. Though it's always happy to get its money early if one wants to frontload estimated payments.
Is there anyone remaining at the IRS to be looking anyway, these days?
Perhaps Schedule AI also stands for "artificial intelligence". The simple stuff (computing penalties is pretty simple) has been done by computers for decades.
Getting someone real to talk to when the machines make a mistake - that's a whole different problem.
@msf Thanks, as always, for the excellent info. You may have saved me some aggravation/consternation trying to change things. I'll do a little Googling.
As I paid the first three on the regular schedule and the third one is already scheduled, I will do some research on the situation. No biggie, as I made other tax adjustments this year, like having my wife pay some tax from her SS. The last three years have been transitional. And, in truth, these cap gains are not anything new on an annual basis.
This is also a great reminder, as I had forgotten that.
The IRS website said it was acceptable to modify (increase/decrease), I entered all of the data, using my confirmation number. Then it said that the pre-filled (and previous) payment date was not acceptable (01-15-2026) and all other dates from now to the end of 2026 were greyed out. lol
Man, you cannot even give these people money! No matter, It amounts to small potatoes.
Thanks @msf. Great reminder to those of us who may have large capital gain in 2025. I have increased my withholding this year to meet close to 100% of the tax. Years ago we received large capital gains and we have to pay penalty due to underpaid amount. Since then we switched to index funds. Other tgan dividends, no more surprising capital gains.
The 2210 form/process is more forgiving than I thought it would be, when I spaced the Q3 estax payment last year and did the math on the form. I'd paid enough in Q1 and Q2 to (barely) meet the Q1-Q3 obligation.
Man, you cannot even give these people money! No matter, It amounts to small potatoes.
Also small potatoes, but something I've been doing for the past several years is paying by credit card. As the third party fees have come down (now 1.75% and 1.85%) if you pay by credit card (e.g. Fidelity 2% cash back) it's not hard to come out a french fry or two ahead.
This has the added bonus of getting a float for up to two months (if you make a payment early in your billing cycle). Note that payments are posted as of the day you make them - you can't schedule them for future dates.
If you have Chase Freedom Card, it's currently (for December) giving 5% cash back on Paypal transactions and you can use Paypal to make estimated payments. Though Chase limits the amount of cash back. Still, with 5% back (less 1.75% fee), we're past small potatoes, all the way up to russets.
@Derf. “ I believe ‘25 interest will be less.” Me too. So it’s take more risk or accept less interest income. Lucky for us our home and auto insurance, Medicare Part B premiums and heating bills have all gone down. And “groceries “ are cheaper too. So maybe it’s a push.
Comments
Given the headlines about AI , data centers vacuuming up power and water, recent suit against MSFT partner OpenAI for contributing to homicides I would not think there is much ESG here.
BASG is 25% MSFT NVDA AMZN
Other Brown funds are worth a good look too. They have a pretty wide coverage with many decent funds.
The IRS doesn't look favorably on unequal, backloaded payments. Though it's always happy to get its money early if one wants to frontload estimated payments.
Hopefully it won't care and you might wait and see. Or you could file a Form 2210 Schedule AI. The AI is for "annualized income". It's a way to tell the IRS that you made timely estimates - paying larger quarterly estimates when you had larger quarterly income.
"If you’ve already filed and received a penalty, you can amend your return by filing Form 2210 with Schedule AI and potentially reduce or eliminate that penalty."
https://www.jessupwealthmanagement.com/blog/tax-series-part-one-irs-form-2210-the-key-to-managing-fluctuating-income
The schedule is tedious because you need to look through your records to break your income up into quarters. I did this in a few years when I had outsized income, usually in the last quarter.
"Quarter" doesn't actually mean three month periods. For this purpose, a "quarter" means Jan-Mar, Apr-May, June-Aug, Sept-Dec.
https://www.irs.gov/forms-pubs/about-form-2210
Perhaps Schedule AI also stands for "artificial intelligence". The simple stuff (computing penalties is pretty simple) has been done by computers for decades.
Getting someone real to talk to when the machines make a mistake - that's a whole different problem.
As I paid the first three on the regular schedule and the third one is already scheduled, I will do some research on the situation. No biggie, as I made other tax adjustments this year, like having my wife pay some tax from her SS. The last three years have been transitional. And, in truth, these cap gains are not anything new on an annual basis.
@rforno Good point!
This is also a great reminder, as I had forgotten that.
The IRS website said it was acceptable to modify (increase/decrease), I entered all of the data, using my confirmation number. Then it said that the pre-filled (and previous) payment date was not acceptable (01-15-2026) and all other dates from now to the end of 2026 were greyed out. lol
Man, you cannot even give these people money! No matter, It amounts to small potatoes.
Brown Advisory
BAEFFlexible Equity BAFEAlso small potatoes, but something I've been doing for the past several years is paying by credit card. As the third party fees have come down (now 1.75% and 1.85%) if you pay by credit card (e.g. Fidelity 2% cash back) it's not hard to come out a french fry or two ahead.
https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-card
This has the added bonus of getting a float for up to two months (if you make a payment early in your billing cycle). Note that payments are posted as of the day you make them - you can't schedule them for future dates.
If you have Chase Freedom Card, it's currently (for December) giving 5% cash back on Paypal transactions and you can use Paypal to make estimated payments. Though Chase limits the amount of cash back. Still, with 5% back (less 1.75% fee), we're past small potatoes, all the way up to russets.
@Mark lol