LedgerYour Tax Situation
Is Not As Bad
As You Think.
Your Advisor
Margaret Osei-Bonsu, EA
Enrolled Agent · 14 Years Practice
Case File — Freelance Designer
First 1099. No Idea What Hit Her.
A graphic designer in Austin received her first 1099-NEC after leaving her agency job. She'd been setting aside 25% for taxes — the number she'd found in a Reddit thread. By the time she came in, she'd already missed $4,200 in deductions sitting in plain sight.
Dedicated 140 sq ft studio. Fully documented, fully deductible.
Adobe CC, Figma, stock libraries — all business expenses.
Half of self-employment tax. Most first-year freelancers miss this entirely.
After correcting her estimated payments and applying all deductions.
Case File — Restaurant Owner
A Shoebox. Seven Years of Receipts.
A Houston taqueria owner had been filing Schedule C himself for six years. He knew he was leaving money on the table but didn't know how much. He brought in a grocery bag of receipts, three years of bank statements, and an IRS notice he hadn't opened.
Commercial refrigeration unit purchased in Nov — full deduction in year of purchase.
Amended returns recovered three years of unclaimed depreciation.
CP2000 notice related to unreported 1099-K. Resolved with documentation.
Combined savings across current year filing and amended returns.
Your Advisor
David Tran, CPA
Certified Public Accountant · 19 Years
No forms. No commitments. Just answers.
Most people are owed more
than they realize.
A 30-minute session with one of our enrolled agents or CPAs costs you nothing until we agree on scope. We'll tell you exactly what we see — and exactly what it's worth.
Your Advisor
Priya Nambiar, CPA, MST
CPA · Master of Science in Taxation
Case File — Multi-State Freelancer
Three States. Crypto. A Divorce. All in One Year.
A UX consultant split time between New York, California, and Texas while unwinding a joint filing history with her ex-spouse. She'd also sold Ethereum during the year without realizing each transaction was a taxable event. The original return she'd prepared herself had a $14,000 error.
NY and CA income properly apportioned — avoided double-taxation on $62K.
Specific identification method vs. FIFO — same sales, significantly different gain.
IRS Form 8857 filed to separate liability from prior joint return errors.
From owing $14,000 to receiving $9,800 — on the same income.
Recognize your situation somewhere in these cases?
See What You're Owed