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Why TurboTax's Mistake Led to a $10,000 IRS Bill and 50% Penalty
Season 9
Episode 264
Published 1 month, 1 week ago
Description
Hosts: Ralph Estep Jr, a licensed public accountant of over 30 years + Juliet, a first-time entrepreneur.
Here's what we got into today:
- A fake bank login scam that's cost people $262 million since January, and the bookmark trick I use to stay out of it
- Why card surcharges up to 3% are pushing more shoppers back to paying cash
- A new prison bail scam where inmates use smuggled phones to trick families, including one case where someone sent $12,000 over Cash App
- Juliet and I go back and forth on whether Kalshi and Polymarket are just gambling with better branding, then she puts me through a rapid-fire round on classic money advice
- A client's TurboTax mistake that turned an $8,000 refund into a $10,000 IRS bill, and why software isn't the same as having a professional in your corner
- This week's money move: write down every subscription you pay for, and cancel one
Got a money question for us? Send it to us at becomingfinanciallyconfident.com/voicemail.
Or come watch us live every weekday, 11:30 am ET at becomingfinanciallyconfident.com/live.
Links mentioned in this episode:
becomingfinanciallyconfident.com/wallet
becomingfinanciallyconfident.com/lawdepot
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