corporation

There will be a lot of changes coming over the next 4 years to our tax laws. There are more provisions expiring over this time period then ever before in the history of our country.

So, we’ve been spending more time than normal looking at these provisions and the tax proposals from Congress, Senate and the Presidential candidates. One thing it looks like everybody agrees on: the C Corporation tax rate must be cut.

Since I changed my program to do reviews of tax returns up front for free, I’ve seen a lot of different strategies (or lack thereof).

I’ve been doing this a lot of years now. I think I might have been the first to come up with the term “Tax Strategist.” And while I wasn’t the first to talk about tax loopholes, I was the first person to get it trademarked and then registered. (Diane Kennedy’s Tax Loopholes® ) So, it’s interesting to go back and look at the differences in the plans I see come in now.

I have a new client who was a victim of one of these “tax strategy” companies that charge huge fees and don’t sign returns. In this particular case, the “tax strategy” company just folded up their tent and ran away. Now my client is left trying to sort out the aftermath. Unfortunately, I think the big fee that they paid to this company is the least of their troubles.

How do you know whether the person giving you tax advice is a shyster or a strategist?

Here are the problems that I saw from this guy touting himself as a “tax doctor”.