Not On TurboTax

Tom's problem can not be blamed on TurboTax like Tim. Tom had a tax accountant "do" his taxes.

After working over 20 years for accountants, I know that the professionals ask many questions of their clients. They ask about things like auto use and other income. It seems Tom did not have full disclosure with his accountant.

TurboTax is not my software of choice. I use TaxCut which is developed by and supported by H&R Block. I have people.

The interview process with TaxCut asks many questions and at each level there are more choices and questions. Did you receiving a 1099-MISC? Did you receive a 1099-INT? A K1?

Did your employer provide a vehicle that you were free to use for personal travel? Did you hire a domestic worker such as a nanny or housekeeping? Did you serve on a jury? Did you drive any miles for a charity?

Each question leads to more questions. Like a spiderweb, there are choices after choices. If you do not understand the question, there are help links to both their internal and the IRS publications.

I wonder how much Tom paid for his professional help that overlooked over $125,000 of income.

He must have paid enough to his accountant. He probably got him out of all those penalties. Yeah, right!

'til later