Switched over to a bonus schedule mid-last year. Income significantly increased in 2016 from 2015 and owed $13,000 in taxes for 2016. Trying to figure out quarterly taxes for 2017. TurboTax estimated about $9,000/quarter, but after completing the 1040-ES, would only have to pay about $2,000 to avoid penalties. Would you recommend to pay $9,000/quarter with hopefully no additional taxes due next year or $2,000/quarter in order to avoid penalties but acknowledging a significant amount due next April? Or the SafeHarbor 110% percent calculation of the 2016 amount owned ($13,000)?
Still owe $300K in student loans, and hoping to purchase a practice this year - were told banks like to see 40-60K in savings to get approval for practice loan.
Still owe $300K in student loans, and hoping to purchase a practice this year - were told banks like to see 40-60K in savings to get approval for practice loan.
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