Not to be pessimistic or anything, but according to BusinessInsider it's probably safe to assume not every taxpayer out there has been 100 percent truthful to their tax advisor this year.
In a recent IRS report, twice as many Americans (8%) said a little fibbing on tax returns is fine compared to the same survey issued in 2010.
Other than begging the IRS over for a visit, you could be cheating yourself out of an even bigger tax return by leaving out some financial details.
“Clearly, being transparent with your accountant or tax advisor about financial actions you’ve taken and communicating more instead of less can – in the long run – reduce the overall taxes paid,” says Tim Steffen, CPA and director of financial planning at Baird.
Read more: http://www.businessinsider.com/8-confessions-youd-better-tell-your-tax-advisor-2012-3
No comments:
Post a Comment