Josh ‘OG’ Bannerman

speaker
7,875 appearances 29 recordings 1 series first heard May 2026 last heard 12 Aug

Josh ‘OG’ Bannerman’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
10 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 29 in all, peaking in Jul 2026 with 10.

Appearances

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You can either withhold 110% of last year's tax bill.
So there's a line item on your tax form on the second page that says this is your total tax.
And that number is whatever it is.
And now you've withheld more than that or less than that.
And that's how they calculate your refund or your tax bill due.
But that number, this is your total tax number.
If you multiply that by 110%, that gives you what's called your safe harbor number for next year.
So as long as you hit that,
You're good.
And, you know, look, if you go win the lottery and you make $77 million in Powerball and you underwithhold, as long as you're at 110% of last year's, you're not going to have a penalty.
You're going to still owe the taxes, but you're not going to have a penalty due.
You're not going to get a penalty.
Just to be clear.
The second way to avoid the penalty is to withhold 90% of your total liability.
In that example of...
having a large income or maybe your income was high last year and now it's smaller this year.
So you're like, well, I'm going to totally hit the 110 if I did that, but I'm not going to make as much money.
You still have to have 90% of your liability.
So this requires a little bit of planning.
So those are the two numbers, usually what your CPA does or what TurboTax does when you
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