SOUND TAX ADVICE
Last night as I was watching the last Monday Football game of the season and I noticed a series of commercials already encouraging taxpayers to use to a specific tax service company. I just shake when I hear these folks try to convince everyone as to their tax expertise. Spare me please. This company is one of those large wharehouse types who mainly hires part time tax preparers after they complete the company's own 6-8 week traning course. The usual individuals who do this part time work are bus drivers, truck drivers, unemployed people, underemployed people, etc. There is nothing wrong with these folks except having this type of person preparing your personal tax return? Come on Man!!! Use your head and hire a competent professional to do your taxes this year. My suggestion find a CPA who has a large tax practice involving the preparation of individual tax returns. Spend a little extra money and you will have peace of mind that your taxes are being prepared accuratley and in a timely fashion. The CPA will assist you if your return ends up being audited and the CPA know how to properly handle the IRS.
I am a CPA and I still do a fair amount of complicated tax return work including personal, Corporate, Schedule C Corporate, Partenerships, Trusts, etc. I am not soliciting for tax work... trust me... as I only will pick up additional returns for family, friends ( I mean real friends) and real estate clients who closed a deal using me as the realtor. Maybe this past year you bought a home and might qualify for a tax credit and it is important that you file your return properly. Unfortunately, I have heard so many realtors totally butcher any discussion of the tax credits that are available that it scares me that they are telling their clients some of this really bad information. HIRE A Professional.. A CPA who does individual tax returms... It might cost an individual a little more up front but might save your butt in the long run!!!!
I will write another blog that discusses more than just the IRS rules surrounding the home buyers tax credit but tries to icover the practical aspects of applying these rules...The write up's I have seen and blogs mainly spit back out the IRS rules and I hope to do more than just that. Besides it is almost tax season again whether we like it or not!!!