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Trying to figure out the tentative tax for my tax return…

Hi trying to figure...

Hi trying to figure out the tentative tax for my tax return transcript

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

My Annual income is $515500

Accountant's Assistant: Is there anything else the Accountant should be aware of?

I have 2 dependents I also have some investment properties

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Answered in 3 minutes by:
3/27/2018
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 6,374
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

For 2017 or 2018?

Does the $515500 include investment income?

Filing status? I.e., single, married filing jointly.

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Yes to which question?

I asked you three separate questions.

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Customer reply replied 3 months ago
This is US taxes are you in the US
Customer reply replied 3 months ago
Need to know if your in the US or familiar with US tax system

I am located in the US and an IRS Enrolled Agent.

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Customer reply replied 3 months ago
Filing head of household
$315500 W2 income
$200,000 rental income
Customer reply replied 3 months ago
Fantastic

For 2017 or 2018?

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Customer reply replied 3 months ago
Going to pay PAYPAL now
Customer reply replied 3 months ago
No 2016
Customer reply replied 3 months ago
I haven’t prep 2017 yet doing that this weekend

Okay. Thank you. Give me a moment.

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Customer reply replied 3 months ago
Ok

For 2016, total tax liability would be $156,427.

Of course, any withholding that was done gets deducted from that amount.

bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 6,374
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
Verified
bkb1956 and 87 other Finance Specialists are ready to help you
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Customer reply replied 3 months ago
What would the tentative tax be
Phone call session started
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Category: Finance
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