I give all the information away for free. I won’t do a return for free, but I will educate all day long for free. I will sit down. Let’s say, for example, I tell somebody, Hey, if you incorporate a business, you’re going to be able to have this extra deduction and it’s going to save them. Just for an example that uses Trust Attorney Las Vegas, say $5,000 we’ll sit down, we’ll map it out, I’ll give them the diagram. I’ll give him all the steps that they need to do and they leave. I don’t, they don’t have to commit to anything when they’re in my office, but I know when they leave they have a full roadmap to fix the tax problem that they have. I’ll see the same client for two or three years later.
They haven’t changed anything at all. I’m looking over the tax returns and they were paying $5,000 or more every year in taxes. They shouldn’t have to be paying. It’s very frustrating. I’ll ask these people, did you trust me? We went through the stuff. I mean you’re coming back now and you want the change. Why didn’t you change? And most of them will say, when it came around to tax season, they waited too late. So they got to it. They felt like there wasn’t enough time to change. They were rushed, they were hurried and so they just use the person they had before and it costs them a lot of money. You have to take your tax preparation serious. You can’t be rushed with it because that’s where people make poor decisions and it will cost you at the end of the day, you need to have a trusted advisor with your Trust Attorney Las Vegas. And if the person you’re working with is not advising you properly, don’t use them. If the person you the just completed your return, you have any reason that you don’t feel comfortable with it, don’t file the return. There’s no rush. There’s as extensions and even past the extension date, there’s plenty of ways to work around it and file a proper return. Don’t feel in any way that your pressure, the file a bad return.
Well and then also, you know, you can file up to three years to amend prior tax returns, correct? Yup. Yeah. So even if there was an error and there was a mistake, let’s go back and fix it. And especially if it’s going to get you to the cashback in your pocket, that’s more money. You can invest with us and your Trust Attorney Las Vegas. You can go on vacation, you can, you know, start a business. Whatever the case may be is. Um, but I want to bring up the point of this is where it’s, it’s great to have that team around you so you have your trusted CPA who then can help refer you to the attorney to help get the documents ready for the business setup. Um, and then we work with the financial advisor to make sure that money’s there too, to go to the right place. Whatever the case may be is that’s, you know, you want advisors that are talking to each other and you have a team in place.
Not everybody who’s kind of in their silo doing their own thing because a lot of times they’re going to be recommending things that don’t necessarily coincide with what the other one’s saying. And then you start getting conflict and then you don’t know what to do. Um, and that can be even more of a mess and get great Trust Attorney Las Vegas services. So, you know, really make sure you have, you know, somebody you trust, um, you know, whether it’s your state planning attorney or your CPA and have that that one person is kind of your quarterback, but make sure they are talking to all the other advisors on your team. Um, to make sure that those things are going the way that you want. Cause once again, it comes back down to your responsibility. You know, you gotta make sure that those things are happening and you direct how you want that to happen.
I have to say there’s a really good point there where you saying the team that you’re using [inaudible] base, even when you’re doing taxes, you’re trying to save money. You want to put more money in your pocket. There’s some longterm financial game that you’re working with. You have some plan that you’re trying to reach and there’s going to be a lot of people that are involved in it. You need a trusted attorney that’s going to help you may be set up your business documents and incorporate and make sure that that’s done properly. You’re gonna need a trusted CPA, to do the tax returns for great Trust Attorney Las Vegas. There’s a lot of people you need on that team. My clients that have the most financial success have a team of people that work together well. That can be independently where you as the client of the taxpayer is the person that’s supposed to be the in-between on all of this knowledge, let your professionals work back and forth with each other. They give you the advice, you make the decisions, but they make it happen between themselves. Your team really should be able to work together seamlessly. That I find is the best method for success.
So I’m gonna throw another question out there. For personal stuff, or even for business, when ideally should people be doing their tax planning? Man, the answer is always, but the typical times of the year when people are doing tax planning is either right after they just finished. So April 15th being a big deadline that uses Trust Attorney Las Vegas, there’s a big crunch through that time. You get into the summertime and everything kind of slows down June, July, those types of months. It’s easy to come in and do some tax planning. Then because most people have the time to do it and they’re not rushed around a tax deadline.