Does the IRS Care If I Haven’t Paid Estimated Taxes Before Doing a Roth Conversion?

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Your Money, Your Wealth

Your Money, Your Wealth

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"Hi Andi. I didn't fill out the online question as it has failed me in the past. Hopefully this works just as well. If I do a $50,000 Roth Conversion this December, will the IRS care that I did not pay estimated taxes throughout the year? Can I just pay the $12k or so on the 4th quarter 1040-ES? I didn't anticipate making this move, so it doesn't seem fair that they would tax me earlier than when I actually made the taxable transaction. Not that the IRS cares about being fair. Thanks! Carl Spackler, Florida"
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