Page 1 of 1
big law tax returns
Posted: Tue Apr 15, 2014 11:52 am
by Anonymous User
How much do you normally get back from tax returns as a first year associate?
I know the answer varies but let's assume you're single and no major exemptions, and you work in NYC or CA.
What are the ranges? I'm just looking for a rough figure.
Re: big law tax returns
Posted: Tue Apr 15, 2014 12:08 pm
by Dafaq
Prorate it on the same amount as your SA.
Re: big law tax returns
Posted: Tue Apr 15, 2014 1:18 pm
by NotMyRealName09
If you adjust your withholdings properly, you should not be getting anything back. A big tax return means you didn't plan ahead and lost out on having more money in each pay check during the past year.
Re: big law tax returns
Posted: Wed Apr 16, 2014 7:46 pm
by erythromycin
Big law taxes sound like a bitch. My dad is a big law partner, and he always ends up paying taxes in multiple states and countries as well as having all kinds of complicated travel re-embursements, work expenses and unpredictable bonuses. He's a tax lawyer, so he insists on doing it himself instead of hiring a CPA and always spends the first half of April being extremely grumpy.
User has been warned as a 0L in the legal employment forum.
Re: big law tax returns
Posted: Wed Apr 16, 2014 7:59 pm
by rad lulz
.
Re: big law tax returns
Posted: Wed Apr 16, 2014 8:01 pm
by SemperLegal
NotMyRealName09 wrote:If you adjust your withholdings properly, you should not be getting anything back. A big tax return means you didn't plan ahead and lost out on having more money in each pay check during the past year.
IRS provides a calculator for this.