There are only 2 certainties in life, and those are death and paying taxes. When running a real estate business, that second part can get extremely complicated, and costly mistakes can happen. That’s why in this week’s lesson, Ron talks about his 13th mistake from his Fatal Mistakes event, and that’s not hiring a CPA to file your taxes.
Home » Resources » Articles And Reports » The Gold Club Weekly Report » Weekly Lesson – Fatal Mistakes: No CPA
Ron, I agree with you 150%. I’m a proactive tax accountant and specialized in real estate. You don’t need a CPA to file taxes but the license allows them to represent clients with IRS three main things compilations, review and audit. Annually we have requirements to abide and have to continued education credits. Staying on top of regs/tax law updates is not easy. Taxpayers make a lot of mistakes using software and later they get hit with a big tax bill. Analogy…Would you extract a tooth or just visit a dentist?.