Related Posts
Has anyone done the Blackstone pymetrics?
10/22 Thread (BC):
Additional Posts in Big Law
When the partner asks why I missed his deadline

Quit quit quitttttyyyy time!
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Mentor
It’s normal if you don’t withhold enough, often because bonuses are withheld at a default 22%, which is less than your effective rate.
Coach
Not me over here looking at my $20K in taxes I have to pay this year. And then a $300 fine on top of that because my firm didn't withhold enough, yet we get tagged with the late penalty.🤦🏻♀️ I'm more senior, but still. It is a gut punch having that much clawed back every year and the late penalty is just dumb.
Mentor
If this happens every year, you probably haven’t set up your w4 properly.
Coach
$5 seems ok not a ton at this level
Coach
Lollll we owe close to $25k each year … launched a STR last year so this year we are getting back close to 70k instead of owing anything
Enthusiast
That’s amazing!
Mentor
I usually owe the fed around $10k
I owe 5k and I only made 40k last year as a freelancer. But I also didn’t have taxes set aside because i couldn’t afford to.