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This is why filing your income tax return will never be the same

Source: https://cnbc.com/2019/12/26/this-is-why-filing-your-income-tax-return-will-never-be-the-same.html - Dec 27, 2019

CPA Dan Herron didn’t want to be the bearer of bad news, yet there he was explaining to a couple why they owed the federal government approximately $10,000 in taxes on their 2018 return.

“They were used to paying around $1,100,” the San Luis Obispo, California-based accountant said.

The couple had three children under age 6 and were homeowners in Southern California. “They were hit with this huge tax bill,” said Herron, principal of Elemental Wealth Advisors.

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Category: General Business