Do you have a sinking feeling you’re paying too much in tax? You’re not alone. According to David Ramsey, “Every year, more than 2 million taxpayers overpay their income taxes—and we’re not talking about pocket change”. Forbes says 93% of business owners overpay their taxes – even those with high dollar CPAs. Most tax advisors just don’t know or care about all the opportunities in the 70,000 page tax rules, and their clients can pay dearly because of it. What could that mean to you and your family? For business owners, it means there’s a 93% chance you are bleeding needless family wealth by paying way too much tax. Even the Federal Government acknowledges business owners overpay by $50B each year! A CPA and tax lawyer writing for Kiplinger’s attributes this to CPA ignorance, laziness, and poor tax planning. If you’re an investor or own a business, it’s virtually certain you are wasting wealth because of poor tax advice, but probably don’t even know it.
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