how comfortable do you all feel giving tax advice to family members?

i don’t mind taking a high level look over a prepared tax return and providing some pointers here and there (unpaid), but don’t want to do anything to risk my license

like
Posting as :
works at
You are currently posting as works at

It ALWAYS comes back to haunt you. Either it’s good advice and they want more time-consuming help later (or tax prep “help” which magically evolves into you doing their return for them), or it’s not the right advice and it’s unequivocally your fault and your liability.

I try to avoid.

likehelpful

If you’re not comfortable then don’t give the advice. I give advice all the time but I give them options and also let them know it’s just my opinion and there are other viewpoints such as a Roth vs. Traditional IRA or should I buy a 6,000lb+ vehicle for a tax deduction. I don’t think my license is at a level of risk that I’m worried about.

likehelpful

I tell them my billing rate and see if they still want help.

funny

🙅🏾‍♂️🙅🏾‍♂️🙅🏾‍♂️🙅🏾‍♂️

helpful

I would never do it.

helpful

I have family ask all the time. I do my parents and mother in laws taxes, but it is all SS and 1099s so really just putting numbers on forms and submitting. I have a brother in law that bounces “aggressive” expenses off me that I always just say that I would not do that. Only time I helped anyone other than returns above is when my brother got audit notice with large amount due. I looked at it for him and told him the IRS was wrong and suggested how to respond. I would help if it is a really straightforward answer but try to stay out of it as much as I can.

helpful

I tell them i do salt and avoid it

helpful

I will only give specific advice for black and white issues. A friend asked me about the stimulus check (inputting it on his return), another one about whether or not he would have a gain on his home sale, and I do my grandma’s return, but that’s it. I don’t give actual advice.

like

I always tell them they need to be paying more and there are no such thing as “write offs”. They stop bothering me when they know I’m not gonna help them “game” the “system”

Related Posts

A teacher friend sent me this today asking if this is how I teach. I told her I sure would if someone got me that belt! 😂😂😂

Post Photo
likefunny

Folks any recommendation for getting a storage place? In midst of job change and looking for a company that can manage pickup and provide storage without going crazy on pocket

Back end or front end?

Post Photo
funnylike

Any referral for WFH?

Having 7.5 years experience in BPO/BPS industry with QA/SME experience in Hexaware technologies and Accenture respectively.

Can anyone please refer for WFH job role in IT?
Even fresher role will be okay, ready to take a little pay cut but need wfh and career switch to IT or social media management etc.

Please DM me if anyone has such opportunity.

like

Annual review advice?
I feel very secure in my long-term employment and am doing very well. I work at a midsized boutique with a generally solid culture. I’ve been described as “rising star/golden child” etc., glowing reviews. The thing is that I’ve had a tough year with absent mentors, low interaction/training (there are extenuating circumstances with my SA.) Do I mention what changes I need to see to stay here? Or just go along, accept my good reviews and bonus, and keep my head down?

like

Hiring multiple positions in Tech/Sales at Fintech GRIP.
Having worked at a startup is a plus.

Website
https://www.gripinvest.in/
Location - Flexible (WFH or Gurgaon office)
Perks -Permanent WFH

Interested folks DM or share your resume at prakruthi@gripinvest.in
The detailed JD can be shared later.

Mention notice period and Job role applied in your subject line

Post Photo
like

Sick to my stomach thinking all of the things I have to do, some of which is my own fault for mildly procrastinating. Any tips on productivity is greatly appreciated! I feel like I work all day, but my billing doesn’t reflect that.

like

Amy recommendations for an ivf doctor in Mumbai? Low AMH and poor response to IVF round 1
Thanks

like

Something to think about... If you awakened tomorrow and your skin was a different color, ask yourself how you might feel and why? Don’t respond directly just think about that. Imagine you are not the enlightened person you are. 😬

Answer this: What does that say about what has become subconsciously engrained within most of us?

likehelpful
like

Would anyone be aware of a toastmaster club that I can join in dublin?

like

Any ladies want to chat? 31/f

like

How do you deal with being on an engagement with people who are very simply not fun to work with? And not even just not fun but actually unengaging and/or irritating to work with. Starting to see how spoiled I was with first few managers and directors.

like

Hi Sharks,
I have offer from TCS from my base location & 2 product based companies from another city.
I have already denied over mail to TCS that I cannot join as I have better offers in hand & they ignored my mail for counter offer.
I have to now deny company A of other city whose HR was advising to not deny joining once u accept the offer.
Company B is one of my dream companies & offered the highest among all 3. What should I say to the HR of A? Will they blacklist me if I don't join?

like

Trial in 1 month! Best things to snack on during lunch break?

like

Anyone ever buy the Westin pillows? I really miss them and need new king size pillows at home.

like

Is it just me, or do an overwhelming amount of businesses undervalue digital marketing services? It’s almost disrespectful how often I get lowballed.

like

Big law finance associate looking to make a move. Haven’t received recruiter calls recently, does that mean I shouldn’t even try?

like

£50k TC, 2.6YoE working within the change arm of a bank ——- what do experienced fishes think is a good next move for someone like myself? Might want to move into consulting one day with ultimate aim of MBB but also enjoy technical coding work, particularly in credit risk / counterparty credit risk in banking — could use some fresh perspective ; quite confused atm as interested in many things! Don’t mind staying in change management either TIA - appreciate any advise

like

Additional Posts in Tax Bowl

Has anyone here ever heard of or used TaxDome? Not sure but I think it is more of a small firm or solo-Practioners thing but curious what exactly it is???

like

Let’s share dumb client stories!

NYC transfer pricing salary please share thanks!

like

PwC or EY Houston Tax?

Has anyone made the switch from tax to private client and if so what has your experience been?

like

Looking for 100% remote roles for an operations VP with 40 hour work weeks and at least 180k total comp. Any suggestions? (12 years experience)

like

How do you face so much data without getting any anxiety or stress to finish within budget? 1st year associate. Only been working for three months.

like

Any Cherry Bekaert tax folks? How is the culture?

like

I decided to come home to CA from NYC at the end of April 2020. How should I go about with filing my taxes since my work is technically in NYC and I didn’t change any payroll address. Do I file part-time resident for NY?

like

Salaries in Miami: what are Big 4 M&A tax senior associates with JD & LLM paid? Thinking of moving from DC. Making $130k now. Have heard B4 lowball Miami salaries even tho not a low cost of living.

For my tax folks - if someone did not live in a state in 2015 but they have been notified of a levy saying they owe taxes in that year and have had their license suspended, does the TP have any..contd

KPMG reached out to me earlier this week and I’m interviewing for a tax position tomorrow morning. JD working on CPA. Working for a regional firm right now making $79k. I like it, but the benefits aren’t great.

Would anyone working in tax at KPMG recommend making the switch? What do your hours look like? Are you satisfied with the benefits?

Hi Everyone,
I hope life is treating you well.
I recently moved to Ottawa from Louisville, Kentucky, and I am looking for an accounting job in Ontario or Quebec. I have work experience in Tax& Finance and an MBA in Accounting. I was wondering if any of you could refer me for an open position in your company ( after we’ve had a chance to talk, of course) or put me in contact with a member of your hiring team.
Please let me know if any of you would be comfortable doing so.

Thanks,
Sarah

like

PwC office culture in transfer pricing in NYC office?

like

Deloitte, EY, PWC, KPMG - which pays better for Tax technology consulting- in particular dealing with ERP and tax software implementations? Appreciate your experinces👍

likehelpful

I am currently working in Deloitte but have signed a PwC offer. Just realized my current salary after the compensation release is $2k higher than PWC. Before I signed the offer, PWC told me the experienced associate salary can’t be negotiated. What should I do right now? It feels sad to see 2k leave me for no reason. Should I talk to PWC and ask for a raise?
Please help!!

like

What’s it like working as an IRS agent? The government how does one get a job with the IRS?

like

Ps & MDs/EDs/Ds - how do you keep motivated after 25-30 years in PA? Burned out from long hours early in yr & just want to hang with kiddos. Hard to focus. Other options in PA besides a line P/MD?

like

Starting at pwc soon, how does their cell phone plan work? Can pick any phone and any plan?

like

Does anyone work a compressed/ 4 day schedule? Any tips on making it work? Are there things you didn’t expect that you wish you had known about? How did you set boundaries?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal