Mistakes Made - Lessons Learned

I was over at Consumerism Commentary reading some of the new posts, and I saw a post by Sasha titled, “5 Stupid Financial Mistakes I Made in 2007: Underutilizing Financial and Tax Advisors.” At the end of the post, she talks about not enlisting the help of a tax accountant to look over her taxes - rather she did them herself. I can honestly say that I’ve made that same mistake a few years in a row. I thought that I knew all there was to know. Boy, was I wrong - I missed out on a lot of deductions and always ended up paying in. I decided to change things up this year, so I finally sat down with a CPA and we went over my situation. He opened my eyes to many deductions I could have taken in years past. I should have seen him earlier - I would’ve saved money and been out of debt sooner. Hind sight is always 20/20…

Lesson learned: Sometimes it helps to enlist the help of a professional.

January 8, 2008 | Filed Under 2008 Goals, Taxes 

Comments

3 Responses to “Mistakes Made - Lessons Learned”

  1. Flexo on January 8th, 2008 2:59 am

    How did you find and decide on a CPA?

  2. JSB on January 8th, 2008 1:09 pm

    I checked out online reviews and searched a “Book of Lists” in my area that ranks different businesses/professionals (lawyers, CPAs, doctors, etc). I took those two bits of data and combined them until I had my own list. Then I set up some appointments to speak with different CPAs. Based on those interviews, I chose the one I thought I would work best with.

  3. Do You Fear These 7 Tax Terrors? on January 15th, 2008 7:41 pm

    [...] different things that terrify taxpayers. In all honesty, some of the items on the list forced me to find a CPA this year. Here’s the [...]

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