Tax Masters
Tax Masters is a training podcast for Pack Tax Pros. Each episode makes complex tax concepts simple and practical, so you can earn client trust, solve problems, and make more money as a Pack Tax Pro.
At Pack Tax, mastery isn’t just about knowing the rules—it’s about knowing how to explain them in a way that helps clients understand what it means for them. When you can do that, clients see you as the solution to their problems—and that’s where the money is.
Listen to episodes more than once, let the language sink in, and make it part of your vocabulary. The more you master, the more valuable you’ll become.
Tax Masters
Episode 3: 1040 with Multiple States
FAQ: How do I handle filing a 1040 when my client lives or works in multiple states? Do I have to file all of these?
Main Objective: Help you understand the complexities of multi-state 1040 filings - residency vs income from other states, etc.
Description: In this episode, we dive into the challenges of filing a 1040 when clients live or work in multiple states. We break down the differences between residency changes and working across state lines, and explain how to handle various income types—like Social Security, interest, dividends, Schedule C, and Schedule E. We emphasize the importance of educating clients on proper withholding to avoid tax season headaches. Plus, Diamond Womack sheds light on ongoing issues with Oregon state return e-filing acceptance, offering insights to navigate these hurdles. Tune in to learn how to confidently guide clients through multi-state tax filings!