I have taken a distribution from my Traditional IRA in 2006.  When must
I send a tax payment for this distribution?  Must this be done when I
take the distribution or can I wait until next year when I file my tax
return?

Thanks
Marty Kovacs
mkovacs@attglobal.net

I have been doing taxes this year, and the short answer is... it
depends.  Primarily it depends on how much you want to owe at the end
of the year and whether there will be any penalties on your overall
tax bill.  There is nothing that requires you to pay tax on this
income immediately, but if you would rather be safe than sorry, you
could make an estimate on your state and federal taxes, but I would
consult your tax advisor for information specific to your situation, I
really do not have enough information to give you a list of options.

The key is 'must'.  You must declare it as income on your return for
this year.  However, I think the above comment deals with interest and
penalties that may accrue if you don't pay right away.