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I am a Louisiana CPA with 25 years of experience in personal and business tax preparation.

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Trending Discussions

Clarification Needed Regarding Penalties for Estimated Taxes

I keep hearing language around a "late payment penalty" or a "underpayment penalty" or an "estimated tax penalty." Ideally it doesn't come to fruition but should a penalty be imposed by the IRS, how does that get communicated to the tax payer? Let's ... read more

IRS Notification re Estimated Tax Penalty

A tax preparer reviewed and filed my 2024 Federal taxes. The completed return showed that I was due a refund and did not include any penalties. I received the refund, which was lower than the amount on the return, and subsequently received IRS Notice... read more

I owe every year

W4 help

I'm wondering how to adjust my W4 to be more accurate, since my family owed a lot this year. My husband and I both work, I make slightly more. We have 1 child born in 2024. We've been filing jointly for many years but are open to other options if its... read more

W-4 Witholdings

My wife and I file jointly. We are both educators. Combined income ~$155k. 2 children (13 & 15) Both of us claim 0 yet we still end up owing $4k the past 2 years, this just started to happen, up until then we received a refund. We are not in a positi... read more

Changes to W4s

I need to update my W4s because we have had to pay thousands in taxes each year. I don't understand how to fill out the new W4 forms since the forms have changed. We file Married with two or more incomes and have (1) 13 yr old dependent. I looked ove... read more

How to update W-4 to break even or get refund

We're both W2 employees, but partner has a side gig/LLC and I also have "hobby income" from Amazon VineWages are $90K+~$3K hobby, and $120K+~$15K from 1099, married filing jointWe will have 2 dependents for 2025, don't max 401k Roth contributions, bu... read more

Multiple employers and a retirement income

My husband is retired and is collecting an Arizona state retirement check each month. I work full time and he has gone back to work full time. So we have three incomes. I'm having an issue with my W4. I don't think they're withholding enough so I'm n... read more

Amending a tax return

Hi I need help amending my tax return that was filed by someone else, but it was not filed using Turbo tax. How can I amend my return using Turbo Tax? Also, I e-filed my original tax return. Is it possible to e-file an amended return through turbo ta... read more