Coming at you with some really sound advice
For the love of all things good in this world…
Get a GOOD CPA!
YOU NEED a Tax Professional
Please understand that the tax code is like “yea big”
Services like H&R Block and Jackson Hewitt and TurboTax
all of these other things are not run by accountants
Please spend a couple of hundred dollars a year and get an accountant
If you are self employed, or commission, or rental real estate or anything of that nature
You are a salary Joe right, you get a paycheck every other week
and there is W2 and there is nothing else
But if you have any sort of complexity, the slightest level of complexity, hire a good CPA.
If you don’t know a good CPA, reach out to me and I’ll get you the name of my guy
But a couple of hundred dollars a year..
The last time I did a comparison between what my accountant charges me
And what I would get from H&R Block type of thing
The fees are almost the same, but I am dealing with somebody who has a degree
versus somebody who entered training for a couple of weeks.
It’s a different planet.. GET a GOOD CPA
And then have a conversation with that CPA
Hopefully you have watched the other videos in this series
The way you file your taxes makes all the difference in the world
And again, a GOOD CPA understands
And another thing a GOOD CPA understands that
It is not all about the tax refund
If you are going to beat tax refund and you get audited, you lost
If you are going to beat tax refund and you cannot buy a house for the rest of your life, you lost
So a good accountant does not necessarily mean you hire as refund
It’s a matter of balancing everything. There are expenses, legitimate expenses
That I talk to my accountant about, and he tells me “Scott, that is one of the highest audited items
that the IRS has”
I could then make an informed decision, as to whether or not
I want to include that on my tax return
And by the way I NEVER include that on my tax return
Having the IRS off my back is well worth a couple of dollars in the long run
That’s my advice to you, I’m Scott DiGregorio,
Your Mortgage Guy, reach out to me for any questions,
and I am so going to help you, Thank You, take care.