AI won’t save your clients from this tax problem (yet)

I’m not anti-AI; if anything, I wish we could replace 90% of tax preparation already.

But we’re not there yet. It’s still crucial to be an active resource for your clients, ensuring they get quality advice and accurate information. AI tools are helpful, but they can’t catch every nuance, and many clients still need a human touch.

Case in point: many retirees updating their withholdings, whether by mail or online, end up with zero withholdings, putting them at risk for unexpected tax bills. Without guidance, it’s easy for income sources to be misclassified, withholding amounts to be incorrect, or tax deadlines to sneak up. Walking clients through what generates their taxes and how those taxes are calculated and paid can prevent headaches and financial surprises.

If you want to make sure your clients are covered, join me and Matthew Jarvis for a CE-eligible webinar on Wednesday, August 20th, at 9 am PST. We’ll go through 7 common sources of income, the tax implications of each, and strategies to avoid mismatches that lead to penalties or underpayment.

Don’t let your clients face unexpected tax bills. Reserve your spot today and equip yourself to guide them confidently through their tax planning.

Happy Tax Planning,

Steven Jarvis, CPA