When TurboTax Fails a Genius-A Cautionary Tale

When TurboTax Fails a Genius-A Cautionary Tale

Taxes are all filed, and the IRS letters are rolling in. I received a call from a new client yesterday. He has a PhD, had a distinguished career, and has traveled the world. With a PhD in Biochemistry from a top university, an impressive resume, and an IQ to back it...
Your Kids: Overlooked Tax Deduction?

Your Kids: Overlooked Tax Deduction?

I hired my oldest tax deduction today. She’s in her last year of college as an English major,  a massively talented writer, and needs a part time job that uses her skills. (Uber Driver and Mystery Shopper don’t count). Meanwhile, her dad and I have been...
Estimated Tax Payments Demystified

Estimated Tax Payments Demystified

What? I have to pay taxes more than once a year? I can remember years ago, when I started doing some freelance consulting, the realization that I would need to make estimated tax payments quarterly. Although I have been a CPA for close to 30 years, I was working in...