For those of you who have to pay a decent amount to the IRS this year, what is it you actually do? How do you earn that kind of money?

like
Posting as :
works at
You are currently posting as works at

I’m not sure I understand the question. I’ve owed last 4 years, including this year. I pay it out of saved money and move on.

I check my tax withholdings occasionally throughout the year, try to get it as close as possible. Usually I’m within 1-2k.

Consulting

Isn’t this the consulting bowl? What is your question

Usually people who are married and don’t know how to properly do the right withholding. Also people who realize capital gains

Work a lot

Or at least get paid a lot for work

I mean what kind of consulting, or level are you at? I specialize in marketing consulting and I've never had to pay more than a few hundred dollars.

I wouldn’t say how much you make is irrelevant. In order to owe big to the IRS, you had to earn big. Also aligning with holdings to the amount owed becomes tougher if what you make is lumpier (bonus and other non-salary components) and also have investment gains.

Related Posts

What's the average salary of an Engr II - Software Development with 2.5 YOE (lateral)? I know I'm being paid good but I just want to know if there are better packages being offered.

like

I am looking to make a career change to HR. I currently make 75K as a sales and development coach. I had a recent offer for a state government position in a talent acquisition role but I’d be taking a $25K pay cut. I am extremely over qualified for the position but it could possibly be a stepping stone and gives me the time to acquire SHRM certifications and possibly start taking classes to get my MBA. My question is those currently in an HR role, would this move make sense to you?

like

What are some of the pay ranges to expect in CLT as a business project manager?

like

pros/cons of getting a top secret? currently have a secret and have the opportunity to get one but idk if I'll be pigeonholing myself as "the data science guy with a ts" if that makes sense

staff 2 for reference and I joined as GPS but not sure if I'd be interested in commercial in the future (and if having a ts would make them be like we already invested so much in you no stay in GPS)

like

Hello everyone. Any suggestions for companies looking to hire for entry level UX roles with no UX experience needed?

like
like

What does it mean when your application goes from under consideration to application submitted with No HR screening.

like

Hi all
I have an interview scheduled with Deloitte USI for Analyst SCNO Digital Transformations. What kind of questions can I expect in the interview(s)? What salary should I expect?
I am currently working with o9 solutions with ~2 YoE, current CTC- 11.4 LPA
Any information would be very helpful. Thanks!!

like

Looking for referrals at MBB/S&/OW/Kearney in their Dubai/Doha/Riyadh offices for my sister since she can’t join Fishbowl. She graduated from top Canadian uni (UofT/McGill/UBC), grew up in ME and has an impressive academic background and work experience. Happy to connect with her directly.

Are people with criminal records allowed at any corporations? I don't have one, I'm just wondering what level of misconduct is allowed on a background check for a large company to still consider them?

like

32 M Los Angeles. Indian. I like going on walks, trying different foods, and traveling. Hope to get married sometime this year, iA. If you are interested let me know.

like

Something about using the phrase “commentating” regarding Tulsa or the anniversary of George Floyd’s murder feels wrong. Am I off, or should I suggest design team revise this copy?

like

How does everyone like the new Workhuman rewards and recognition site? previously was called recognition e-cards & points

Hey guys, looking for a referral at soc gen for business operations. Let me know if someone can help out.

How soon does KPMG start the green card processing?

like

What will be the inhand salary at tcs on 10 lpa

like

How is Deloitte Risk advisory cyber risk( tprm) in terms of career growth.. What kind of job it is is it technical, or business analyst, risk analyst kind of job. I am a person with 1.5 yrs of experience so less knowledge in this matters. Is it something I can make a career in it. Deloitte

like

Well I’ll be damned

Post Photo

Anyone know what is the financial requirements to be approved for Fidelity level 2 option trading?

like

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

Additional Posts in Compensation in Consulting

Recommendations for tax filing in Chicago downtown?

like

About to get promoted to SM at EY. How much should I expect? Does it grow within SM cohort?

like

Does anyone have insights on salaries at Accordion?

like

What are some negotiation scripts you people have used to negotiate a higher salary after the initial offer?

like

What would you suggest as a salary % increase to jump to another firm? I’m being recruited for a Sr Mgr role at EY which looks like a promising opportunity. Any comp sites other than glass door?

like

What are the best industries for talented strategy/business developers? Looking for industry exit opportunities from retail banking as I find the entire industry too boring.

like

Sa1, 98 base so ya a little. Depends on what you do too though

like

Timing for recruiting for the purpose of negotiating salaries: I like my job/company, but know I can get a better salary with my skills/experience elsewhere. With promo reviews coming up, I expect to receive a promotion, but want to have another offer to inflate my salary a bit more. Anybody have insight on the timing and general do/don’t?

Which online survey site has the best payouts? Thanks!

like

What is the salary like for a AWS Architect in consulting with 14 years IT experience?

like

How much is a common value of equity options to see a new hire (manager) get?

like

“Experienced Hire” with 7 years of advisory technology consulting. Possibly looking to switch firms. Have no idea if I’m in the range, over or under market level on comp. What’s a good going rate for base plus bonus range? Currently 150k base with about 25 in bonus, but the bonus has accelerators which puts me closer to 180/190 in total comp.

like

I started working in 2012, master degree and not MBA. Now making 120k, is it fair ?

like

Idk if this is the right bowl, but it's technically comp related. What do people say when asked about current salary during interview process?

like

4th year manager S&O federal manager at Deloitte with 10 years experience. What is normal base salary range?

like

When talking about salary, do you usually say your base or TC?

Hoping for promo in about a year with ~30% raise. How long would I need to stay at the firm, after raise, to be able to get more money in a lateral move to another firm?

like

I think it’d be helpful if those of us who have exited into Bay Area tech start a comp thread so others can benchmark.

2 yrs post-MBA
BizOps manager
175 base + 225 RSUs (publicly traded, 4 yr vest)

likehelpful

What’s a reasonable salary expectation for Big 4 IT Risk Assurance senior associate in low a COL city like Memphis, Birmingham, etc. Have a CPA, 2 yrs PA experience &1.5 yrs industry experience.

like

What are my options to negotiate better salary without an MBA as a M-3, Seattle, Tech, now@150k?
1. Boomerang
2. Get a better offer & ask to match
3. Speak directly with HR/senior leadership

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal