By Mary Grace Musuneggi
Income tax season is upon us, and you have a few options as to how to prepare your return. You can employ a tax preparer, a tax accountant, a tax advisor or a CPA. These are each defined by the services they provide and the amount of assistance you need. The other option is to use modern tax preparation software which, compared to a few years ago, can be very sophisticated, yet easy to use.
All of the above are good options. What is not a good option is using someone who just wants to make a few dollars doing your taxes, or your bartender who took a few college courses, or the guy across the street who was a tax preparer 10 years ago and has not done any continuing education, or your brother-in-law who is doing this to pass the time in retirement. Amateur or hobbyist tax preparers have no liability if they make a mistake, putting the burden of error on you. Additionally, tax laws have changed and changed and changed over the years, and these changes are complicated.
There is an old saying that goes “most people cheat on their taxes, a few cheat the government, and many others cheat themselves”. Don’t leave deduction on the table while not getting all that is owed to you.
If you are in need of a professional to help you with your taxes, reach out to us. We are partnered with a number of excellent tax resources that we can refer, or look at our recommended resources by clicking here.
Mary Grace Musuneggi, CLU, ChFC, CFS, RFC
Chairman & CEO
Securities offered through Grove Point Investments, LLC, member FINRA/SIPC. Investment Advisory Services offered through Grove Point Advisors, LLC. Grove Point Investments, LLC & Grove Point Advisors, LLC are subsidiaries of Grove Point Financial, LLC. The Musuneggi Financial Group, LLC is not affiliated with Grove Point Financial, LLC or its subsidiaries. Click here to view Form CRS.