Who else got a call from there CPA today?

[Done-it-again]

To let you know you had a good year and you should expect to pay x amount by April 15.

Not including PTET and safe harbor payments.

I need to tell them to call after Christmas next year. Ha ha ha.

 

[DMF]

I hate those calls.

 

[Xtrmwakeboarder]

@shintoooo ?!?!? Haha jk

 

[DILLIGAF]

Mine came about 3 weeks ago. Sighhhhh

Its gonna be rough writing out that damn check

;(

 

[Done-it-again]

@shintoooo ?!?!? Haha jk

No, but I hope he’s not one of those CPA’s who does. lol.

 

[Done-it-again]

Mine came about 3 weeks ago. Sighhhhh

Its gonna be rough writing out that damn check

;(

Hopefully the Trump team can make some tax changes right away.

We always file for extensions, but still need to pay estimated taxes.

 

[DILLIGAF]

Hopefully the Trump team can make some tax changes right away.

We always file for extensions, but still need to pay estimated taxes.

Fingers crossed as I am about to feel the feds wrath. Ouch

 

[shintoooo]

I’ve been doing tax planning and projections all month. PTE payments, year end bonuses to pay taxes, zero out C-Corp income, and retirement contributions. It has been a busy and stressful month.

I would rather my clients know now what they will owe than surprise them in April. That’s the worst.

 

[Singleton]

I tell mine, talk to me in Oct or January. Unless writing a check in Dec reduces the payments required

 

[WYRD]

I tell mine, talk to me in Oct or January. Unless writing a check in Dec reduces the payments required

PTE payments will if in CA

 

[WYRD]

To let you know you had a good year and you should expect to pay x amount by April 15.

Not including PTET and safe harbor payments.

I need to tell them to call after Christmas next year. Ha ha ha.

Got that call 2 weeks ago...prepaying like crazy ever since. Cash basis sometimes sucks

 

[spectra3279]

For me it's just regular taxes. I fucking hate the alternative tax. Do my normal 1040, I'm sposed to get 1000 back. Then alternative tax, I owe a 1000

 

[Rajobigguy]

I am technically below the poverty level this year so no tax owed

 

[Caydens Cat]

I IDENTIFY below the poverty level this year so no tax owed

Fixed it

 

[boatpi]

We got our CPA call to, not good news, pay up time$$ Some Merry Christmas.

 

[havasu5150]

I'll go be poor somewhere else........hope to get a little back or break even

 

[DMF]

Obviously, getting that call means that you had a good year income wise. For me, with all of the negative shit going on in the world, I find myself stock piling it for when/if shit hits the fan. Then, the CPA call comes and you see your big number shrink instantly. It's a kick in the nuts....hahaha

 

[BabyRay]

We got our CPA call to, not good news, pay up time$$ Some Merry Christmas.

I’ve never liked paying taxes, of course. But, is it really a surprise when you get that call?

 

[Done-it-again]

I’ve never liked paying taxes, of course. But, is it really a surprise when you get that call?

The way taxes have been the last few years, yes it’s a surprise for the most part, but you have an idea, but it always supersedes that thought. Our biggest hit has
been the R&D credit. Under Trump and first year of Biden you could write it all off that same year, the last 3-4 years you have to pay in for 5 to be able to take full advantage. Same with sec 179.

LLC taxes are all good and paid with carry over. It’s the personal tax with the LLC as I’m on a owners draw vs salary.

 

[Rajobigguy]

I just checked the Forbe’s 400. I didn’t make the list again this year.