What Your CPA Isn't Telling You: Life-Changing Tax Strategies in PDF

[Hille Katerberg]

What Your CPA Isn't Telling You: Life-Changing Tax Strategies PDF File

Download Here : What Your CPA Isn't Telling You: Life-Changing Tax Strategies by Kohler, Mark J. (Paperback).pdf

What Your CPA Isn't Telling You: Life-Changing Tax Strategies by Kohler

If you have been in the financial services business for any period of time, you know what your CPA is not telling you. He is not speaking to you about the big picture; he is not talking to you about how to best structure your tax liability on a day-to-day basis; he is not talking to you about making a financial statement to support your audit case. He is not telling you that there are services available that will reduce or eliminate your current income tax liability. What your CPA is not telling you is that he will be reviewing your current tax return and recommending ways that you can reduce or eliminate your current tax liability. These strategies are typically discussed in a tax form called an Installment Agreement (IA).

When most taxpayers find out what their CPA is not telling them, they are often surprised because they have never asked to see this form before. In some cases, taxpayers may ask to see the CPA's completed tax return only to discover that the return does not contain information that they need to understand in order to prepare their own tax return. Instead of completing an IRA Installment Agreement, many taxpayers simply stop their financial activities for the year and wait until next year to start making necessary IRA contributions. While withdrawing money from a traditional IRA is not prohibited by law, doing so before the end of the year could result in a 10% withdrawal rate reduction. The IRS provides certain exceptions to this rule, including an emergency requirement and an additional self-directed IRA option.