Why TurboTax's Mistake Led to a $10,000 IRS Bill and 50% Penalty — Becoming Financially Confident

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.

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Links mentioned in this episode:

becomingfinanciallyconfident.com/wallet

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