STOP Believing These 5 Tax Preparation LIES

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  • เผยแพร่เมื่อ 21 ธ.ค. 2024

ความคิดเห็น • 53

  • @Howttwo
    @Howttwo 11 หลายเดือนก่อน

    Very good video, thank you!

  • @UnknownNameUnknownNumber
    @UnknownNameUnknownNumber ปีที่แล้ว

    Itemizing is what is saving me from paying the government

  • @Blah91022
    @Blah91022 3 ปีที่แล้ว +6

    Underrated videos thank you! Will be filing on my own this year after checking out a few of your videos

    • @SmartFamilyMoney
      @SmartFamilyMoney  3 ปีที่แล้ว

      Aw, thank you! I'm so glad you're giving to file your own!

  • @scotthester2189
    @scotthester2189 3 ปีที่แล้ว +3

    Great video , very helpful.thank you

  • @mikea.4477
    @mikea.4477 2 ปีที่แล้ว +1

    Really appreciate your honesty in this video. Someone with basic experience at H&R Block tried to charge me $475 to do my taxes! And my taxes are very simple.

    • @SmartFamilyMoney
      @SmartFamilyMoney  2 ปีที่แล้ว

      Yeah... That's ridiculous!

    • @ladycactus110
      @ladycactus110 ปีที่แล้ว

      They charged me $500 and I have nothing complicated. I’m trying Turbo this year.

  • @eunicesm8136
    @eunicesm8136 ปีที่แล้ว

    I have a Bachelor's in accounting and trained to understanding tax laws.... How many people tax returns rejected you completed with the lack of understanding of the tax laws?

  • @Kusa2024
    @Kusa2024 2 ปีที่แล้ว +1

    Thank you so much for great information 👍

  • @SM-lh2rm
    @SM-lh2rm 2 ปีที่แล้ว

    Agree - I’m a CPA and I frequently recommend that people use Turbo. Barring people in approx top 10% income or complex / multi-state, the cost benefit is frequently not there to use a professional.

    • @SmartFamilyMoney
      @SmartFamilyMoney  2 ปีที่แล้ว

      Thank you for helping out those folks! Most people do not need to pay $100s to file their taxes.

  • @irreplaceable_ley2320
    @irreplaceable_ley2320 ปีที่แล้ว

    I went to a professional and got mine done and she charged me 400 dollars. Can I have this amended and go somewhere else and get mine done. She claimed I was charged that much because the software regulates the amount one has to pay and that it was the way I filed and I have multiple w2s..3, worked at 2 jobs less than a month and one for 10 months. Did she lie bc I feel she did and can I have this amended? I feel she got over on me. She typed in all my info then called me back afterwards to sign which was weird. I've been going to these people for 8 years. She usually doesn't file for me it's the older lady she work for who does. I'm reaching out to the older lady this a.m. to see if she can fix this bc I'm not happy about how much she charged me. The elderly lady that does them always charge like 100 dollars and this lady charged 400???

    • @SmartFamilyMoney
      @SmartFamilyMoney  ปีที่แล้ว

      Did you already pay and she already filed? If so, there's nothing you can do about it now. Amendments are only for if you need to change something on your taxes with the IRS (if you forgot a form or something). If you haven't filed and haven't paid, you could probably get your forms back and go somewhere else. I'm not sure if you signed a contract with them or anything. And yes, places like H&R Block do have amounts they are required to charge by the company based on how many forms you have. You might be able to argue with them to get your fees down though.

    • @irreplaceable_ley2320
      @irreplaceable_ley2320 ปีที่แล้ว +1

      @SmartFamilyMoney okay thanks. Unfortunately I have already paid. I think the lady that done mine just charges too much. There have been others upset as well once they find out how much they're getting back. Thanks so much.

  • @michaelcraig9227
    @michaelcraig9227 2 ปีที่แล้ว +2

    Persons that have tax credits like EIC, CTC and education credits have extremely complicated tax returns.The EIC has twice as many pages of explanation compared to the alternative minimum tax.

  • @hotpinkjulia
    @hotpinkjulia 2 ปีที่แล้ว +6

    ha ha ha ha, the fact that you say that there are IRS offices that are there to help you with a straight face makes me believe you have never EVER try to reach an IRS agent, it takes a lifetime and a half to talk to anyone, let alone anyone remotely competent or interested in helping taxpayers. Your only point that is fair is that new tax preparers may not add any benefit to the average taxpayer, however, seasoned and well trained CPAs, Enrolled agents and career professionals always provide value and peace of mind, specially once your level of income, investment and taxpayer career development. For instance people with different kinds of stock options, if they do their taxes by themselves I guarantee you that they would overpay taxes.

  • @dustinpoe5303
    @dustinpoe5303 3 ปีที่แล้ว +1

    Beautiful and intelligent! Love your honesty!

  • @JASON777211
    @JASON777211 2 ปีที่แล้ว

    my tax preparer already charge me $500.oo to do my taxes because he said YOU DO STOCKS AND I NEED TO TRANSCRIBE 10 LINES LINE BY LINE ETC ... can I get my money back or call any office about it?

    • @SmartFamilyMoney
      @SmartFamilyMoney  2 ปีที่แล้ว

      Oh wow, $500 to type 10 lines seems a bit absurd. The refund policy would be based on that office - I have no idea if they'd be able to give your money back.

    • @DirtDogs13
      @DirtDogs13 ปีที่แล้ว +1

      If you paid $500 and you had a schedule D you getting one hell of a deal. Not really sure what the issue is here

    • @aubreycorcoran1278
      @aubreycorcoran1278 ปีที่แล้ว

      @@DirtDogs13 seriously, I am an Enrolled Agent and some of these complex returns take me two solid days to prepare. I catch mistakes from previous years that cost the client tens of thousands of dollars. I am not referring to the simple W-2 clients. They can go "DIY". But I have seen botched tax returns for executives who have rental income, RSUs, stock options. Not to mention those who have forgotten to include years of depreciation and go to sell a piece of real estate. I have seen the returns of dead preparers who fraudulently claimed credits on their clients' returns. The video makes zero distinction between an unenrolled preparer and an Enrolled Agent who has hundreds or thousands of continuing education credits and training under her belt and is bound to ethical guidelines set forth in our legal code. Many of my CPA and EA colleagues spend the better part of the year "getting smart" to protect their clients and their own practices. Know when you need help and when you need help, go to a credentialed preparer, people!!

  • @michellegrace4262
    @michellegrace4262 2 ปีที่แล้ว

    What about past years 2020 2021

  • @cryptominium
    @cryptominium 3 ปีที่แล้ว +1

    Really great content.

  • @SM-te3xm
    @SM-te3xm 3 ปีที่แล้ว

    Thank you. Good information.

  • @casst748
    @casst748 2 ปีที่แล้ว

    Thanks.

  • @EXCELGUPTA
    @EXCELGUPTA 3 ปีที่แล้ว +1

    DO YOU DO TAXES FOR INDIVIDUALS? MY INCOME CONSISTS OF WAGES/INTEREST/DIVIDENDS/CAPITAL GAINS/LOSS.

    • @SmartFamilyMoney
      @SmartFamilyMoney  3 ปีที่แล้ว

      I do not prepare taxes for people anymore.

    • @EXCELGUPTA
      @EXCELGUPTA 3 ปีที่แล้ว

      THANKS FOR QUICK REPLY. YOU PROVIDE GREAT INFORMATION AND I THANK YOU FOR THAT.

  • @casst748
    @casst748 2 ปีที่แล้ว

    Oh an I will be doing my own taxes this year.

  • @kimberlycstarr
    @kimberlycstarr 3 ปีที่แล้ว +11

    Great advice and tips!! Another place to look is at local universities - their accounting/business schools may offer tax preparation for free. Because, you know, their students need to learn to do taxes!

    • @SmartFamilyMoney
      @SmartFamilyMoney  3 ปีที่แล้ว +1

      Great tip! Thanks for the comment. :)

    • @teresagradolf974
      @teresagradolf974 2 ปีที่แล้ว

      Star interesting kim

    • @zarinaisrar5572
      @zarinaisrar5572 ปีที่แล้ว

      Whished u made some logical Sense here. The Only thing is that if they would be Missing Some College Tuition....?; So, in other words, the Human Info is Not Required?; Next; Better I watch!; something!; Else!
      😊

  • @Kaminari_Tempest
    @Kaminari_Tempest 3 ปีที่แล้ว +4

    Great info. Thank you so much 😊

    • @SmartFamilyMoney
      @SmartFamilyMoney  3 ปีที่แล้ว

      I'm glad you liked it! Thanks for the comment.

  • @teresagradolf974
    @teresagradolf974 2 ปีที่แล้ว

    Sarah lap Psalms91

  • @pasyouby
    @pasyouby 3 ปีที่แล้ว +1

    Thank you so much ❣️❣️❣️

  • @EJ3.16
    @EJ3.16 3 ปีที่แล้ว +1

    Thank you very good very Nice I like the way you explain everything.... very very helpful video and I have a question do you where I can find out this number for IRS I can call I have a important thing to know about my income taxes last year...!!!!

    • @SmartFamilyMoney
      @SmartFamilyMoney  3 ปีที่แล้ว +1

      Glad you enjoyed the video. Here you go: www.irs.gov/help/telephone-assistance

    • @EJ3.16
      @EJ3.16 3 ปีที่แล้ว +1

      Thank you 🙏 once again God bless you..!!!
      And by the way So so funny the blooper video you have lol Q dog...!!!! Brilliant video keep bringing more stuff you got talent...!!!!!

  • @ankitkumarjha8156
    @ankitkumarjha8156 3 ปีที่แล้ว +1

    Good

  • @valencia_310
    @valencia_310 2 ปีที่แล้ว

    My tax preparer kept my 2020 tax return. He sent my refund to his account and has been giving me excuse after excuse for a year now.

    • @SmartFamilyMoney
      @SmartFamilyMoney  2 ปีที่แล้ว

      Oh my goodness, I'm so sorry to hear that!