Tax Preperation v.s. Tax Planning… Is there a Difference?
Got an interesting comment regarding tax advisors from someone that made me think…
A tax preparer (CPA, accountant, etc.) Prepares your taxes. They take the numbers you give them and put them in the right places.
They Don’t ADVISE you. Their not giving you tax strategy. They’re not interpreting new changes to the tax code and telling you about them.
They are simply tax prepareres.
(nothing wrong with that, just making a statement)
The mistake people often make is they think their getting ADVICE, when they’re really only getting PREPERATION.
My personal Tax Strategist Told me a ton of brand-new changes to the tax code the other day that my CPA tax preparer DID NOT EVEN BRING UP.
Did you know there are more than 150 investor-specific changes just this year in the 1500 page Change-book the IRS put out for 2010?
Get this…
==>Massive changes and a complete overhaul of FORGIVEN DEBT. Anyone buying, selling short sales, foreclosures, loan mods or in trouble on your own house.
==>There are many 1 year only provisions, that if you do or don’t’ do them NOW, you won’t be able too later. Some you don’t want to miss out on.
==>With only a few weeks left till April 15, there are still things you can re-classify, re-catagorize and set up before it’s too late.
==>And many more changes that affect; landlords, flippers, Sub-2ers, rehabbers, commercial property owners, sandwich leases and just about every type of real estate investment out there.
Anyway, want to learn more? I got my personal tax strategist to clue us in. (i’ll be there right along with you)
http://www.askyourmembers.com/tax/new.htm
Norm Reid
P. S. Nothing will be sold on this call, this is my personal tax strategist and she’s just delivering content and taking questions at the end.























