Reply to DH is a new big law partner and I have no clue how to budget

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For my final estimated quarterly tax payment last year we were anticipating something like 40k-50k, based on our accountant’s projections. He popped up several days before the due date and said we should pay $250k+. Insanity. We did have a massive year and some unexpected income, but even with that it’s clear he just had us underpaying throughout the year.

Moral of the story: find a really, really good CPA who understands your firm’s approach and documents. [/quote]

A large portion of DH's income comes at the end of the year (combination of clients paying bills in December and end-of-year bonus). If this is what happened to you then you've got to use that bonus/bigger distribution to pay your tax bill. Not uncommon. If you use the annualized installment method on your taxes or pay the safe harbor amount, you should be able to avoid a penalty for underpayment.[/quote]

I love how your tax bill is greater to an 97% of the US income, and you can’t figure out your taxes. [/quote]

Ok. They probably get like no deductions at all, you do realize that, right? [b]So maybe you can say thank you. [/b]These people at the bottom of the highest tax brackets are funding your tax benefits. [/quote]

Doubling down on the trolling by trying to be an even more unspeakable a$$hat I see! Bravo.[/quote]

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