10 Tax Surprises to Watch Out For, Ep #163 - a podcast by Chad Smith, CFP® and Mike Eklund, CFP®

from 2022-05-02T07:00:59

:: ::

If you recently filed your tax return you may have noticed some unexpected surprises.

Video recap: https://youtu.be/G9q8k5fRNdQ

Since tax planning and preparation is an important part of what we do at Financial Symmetry, we wanted to make you all aware of the top 10 tax surprises that we see in our office. Listen in to hear if you are familiar with any of these tax prep surprises. 

Outline of This Episode

  • [2:58] Inheritances
  • [6:55] Credit card reward points
  • [7:56] Advanced child tax credit
  • [10:30] Cryptocurrencies and NFTs
  • [13:20] 1099K through Venmo or other cash apps
  • [14:58] Underwithholding on W4s
  • [16:39] It got lost in the mail
  • [18:38] Double taxation on backdoor Roth
  • [22:18] What to do if you receive a K1

Resources & People Mentioned

Connect With Chad and Allison

Subscribe To This Podcast

Apple Podcasts <> Stitcher <> Google Play

Further episodes of Financial Symmetry: Balancing Today with Retirement

Further podcasts by Chad Smith, CFP® and Mike Eklund, CFP®

Website of Chad Smith, CFP® and Mike Eklund, CFP®