Society of Wealth, LLC

08/04/2026

2026
IRS NATIONAL TAX FORUM
DAY 1

02/03/2026

Are you training QuickBooks Online (QBO) to make errors in your bookkeeping?

Intuit has been using automation and rules-based logic since the early days of online bookkeeping.

Today, that logic has evolved into more advanced AI-driven features designed to help categorize and post transactions automatically.

Depending on your settings, transactions may be categorized and recorded without you ever reviewing them first.

Here’s the key issue: QBO’s AI “learns” from your manual inputs.

Every time you manually change a category, override a transaction, or post the same type of expense differently, the system treats that as training data.

When those inputs are inconsistent, the AI has no reliable pattern to follow—so it may begin randomly selecting categories, increasing the likelihood of bookkeeping errors.

Over time, this can lead to:

• Misclassified expenses

• Inaccurate financial reports

• Incorrect tax deductions

• Costly cleanup work later

To help reduce AI-driven errors in QBO:

* Maintain consistent account structures

* Use standardized categories for recurring transactions

* Avoid frequent manual overrides

* Review bank rules and automation settings regularly

Automation is only as good as the data you train it with.

Consistency is the key to accurate books.

If your financial reports don’t look right, your bookkeeping system may be learning the wrong behavior.

01/26/2026

E-File is officially
🎉open. 🎉
Book your Appointment Today.

01/22/2026

📢 Living abroad? Your U.S. tax obligations may still follow you.

Moving out of the United States does not automatically eliminate IRS tax reporting requirements. Unless you have formally renounced your U.S. citizenship, you may still be required to file U.S. tax returns and related disclosures.

Jacqueline Richardson, owner of Society of Wealth LLC, is federally licensed as an Enrolled Agent and authorized to assist U.S. taxpayers worldwide with compliance, planning, and IRS representation.

✅ Virtual appointments available
✅ U.S. & international tax support
✅ IRS representation

📅 Schedule your appointment now
🔗 https://calendly.com/society-of-wealth/20min

Complimentary consultations are limited and available to prospective new clients only.Existing clients should contact us through your secure account at Verifyle.com.This initial meeting is intended to gather high-level information about your tax situation and determine whether our firm is a good fit

01/05/2026

Donating to Charity? Here’s How to Get the Best Tax Break 👇🏿

01/03/2026

https://calendly.com/society-of-wealth/20min

Complimentary consultations are limited and available to prospective new clients only.Existing clients should contact us through your secure account at Verifyle.com.This initial meeting is intended to gather high-level information about your tax situation and determine whether our firm is a good fit

01/01/2026

2026 Tax Tips
(see comments)

09/30/2025

Its not every day that a tax client sees your worth.

Thank you Joseph S. for the generous tip, and for valuing me as your trusted tax advisor.

09/08/2025

IRS assesses $162 million in penalties over false tax credit claims tied to social media.

"The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit.

These scams have led thousands of taxpayers to file inaccurate or frivolous returns, often resulting in the denial of refunds and steep penalties.

Since 2022, the IRS has seen a surge in questionable refund claims fueled by misleading social media posts and bad actors posing as tax experts.

Many of the posts falsely claim that all taxpayers are eligible for credits they do not actually qualify for, such as those meant for self-employed individuals or businesses.

The IRS routinely publishes and updates a list of frivolous positions on IRS.gov that could lead to the imposition of penalties.

“These schemes are not only misleading but can cost taxpayers dearly,” said James Clifford, IRS Director Return Integrity and Compliance Services. “People who follow this advice could end up with rejected claims and a penalty of up to $5,000 in addition to any other penalties that might apply.

So far, the IRS has imposed over 32,000 penalties costing taxpayers more than $162 million. It’s in the taxpayer’s best interest to stay informed.”

Taxpayers who believe they have been misled or filed an incorrect return should:
*Respond promptly to any IRS letters or notices.
*Contact us to assist you in filing an amend the tax return as soon as possible".

Society of Wealth LLC, your Trusted Advisor

08/05/2025

What I do for my clients.