Hi there!
One night during tax season, I jumped on Zoom after dinner to help a friend’s daughter understand her tax return. She had her taxes prepared by a man who did little more than tell her what she owed and where to sign.
The tax man tried to pressure my friend’s daughter into changing her return to reduce the tax she owed. What he failed to explain was that those changes were unethical and could lead to future audits, penalties, and interest.
Even though I was exhausted, I took an hour to explain every line of her tax return.
While most people only want to know if they are getting a refund or have to pay, it’s important to remember that the taxpayer is responsible for everything in the return they are signing. If the preparer falsified information, the taxpayer is on the hook for it.
That’s you, so make sure you know what you’re signing.
“Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”
- Peter Drucker
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