Comments on: Critical Tax Benefits You Should Know About http://www.rgbrenner.com/blog/2010/02/12/critical-tax-benefits-you-should-know-about/ Income Tax Consultants Fri, 03 Feb 2012 18:04:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Barbara Leed, Senior Tax Consultant http://www.rgbrenner.com/blog/2010/02/12/critical-tax-benefits-you-should-know-about/comment-page-1/#comment-79 Barbara Leed, Senior Tax Consultant Thu, 25 Feb 2010 17:43:55 +0000 http://www.rgbrenner.com/?p=1014#comment-79 NAPT (National Association of Tax Professionals) has noted that most of the errors found on tax returns were self prepared. I personally had a client who attempted to prepare his own returns using the previous year as a guide. By the time he was done he owed taxes to both Federal and State. He came in to me, I prepared the tax returns and he has a refund coming. One of the biggest differences was the Education form he chose to use. He was not aware of which form would be most beneficial. This knowledge alone equaled alot of money. This is were that old saying applies..... PENNY WISE, POUND FOOLISH It pays to have your taxes done by a professional NAPT (National Association of Tax Professionals) has noted that most of the errors found on tax returns were self prepared.

I personally had a client who attempted to prepare his own returns using the previous year as a guide. By the time he was done he owed taxes to both Federal and State. He came in to me, I prepared the tax returns and he has a refund coming. One of the biggest differences was the Education form he chose to use. He was not aware of which form would be most beneficial. This knowledge alone equaled alot of money.

This is were that old saying applies…..
PENNY WISE, POUND FOOLISH

It pays to have your taxes done by a professional

]]> By: Susan Maurice, Senior Tax Consultant http://www.rgbrenner.com/blog/2010/02/12/critical-tax-benefits-you-should-know-about/comment-page-1/#comment-78 Susan Maurice, Senior Tax Consultant Thu, 25 Feb 2010 17:15:26 +0000 http://www.rgbrenner.com/?p=1014#comment-78 When I shop in the "wholesale warehouse", I see many people buying the self prepare tax software. I really want to stop them all and tell them how many "self prepared" tax returns I "fix" or amend from previous years, not to mention the current year clients who come in totally frustrated from attempting to self prepare. Many clients come back because they recieved "THE LETTER" form the IRS or NYS requesting explanation of errors and/or omissions. Some "SELF PREPARES" are not aware of the additional forms we could use to reduce their tax liability. This is one of the reasons we give a free review of the past three years. Remember: WHETHER YOU ARE A MECHANIC, DOCTOR, FIREMAN OR SEAMTRESS - I COULDN'T DO YOUR JOB- BUT I CAN DO MINE. I AM A TAX PREPARER AND THAT IS MY SPECIALTY. When I shop in the “wholesale warehouse”, I see many people buying the self prepare tax software. I really want to stop them all and tell them how many “self prepared” tax returns I “fix” or amend from previous years, not to mention the current year clients who come in totally frustrated from attempting to self prepare.

Many clients come back because they recieved “THE LETTER” form the IRS or NYS requesting explanation of errors and/or omissions. Some “SELF PREPARES” are not aware of the additional forms we could use to reduce their tax liability.

This is one of the reasons we give a free review of the past three years.

Remember:

WHETHER YOU ARE A MECHANIC, DOCTOR, FIREMAN OR SEAMTRESS – I COULDN’T DO YOUR JOB- BUT I CAN DO MINE. I AM A TAX PREPARER AND THAT IS MY SPECIALTY.

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