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.
