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In my limited experience accountants can get even relatively trivial things (like state tax credits for cases of partial residency) wrong. I’m sure there are di
by opportune 5y ago
In my limited experience accountants can get even relatively trivial things (like state tax credits for cases of partial residency) wrong. I’m sure there are different levels of quality/attention you can get the more you pay, including talking to pedigreed tax attorneys, but it’s expensive.
Personally I think there is a high dollar value in just not having to worry about these kinds of things. If I were entering a complex working situation or moving to another country, I would probably take steps to make things as simple as possible such as ending work in December and starting something new in January, not realizing investment income, putting assets in corporations or trusts to defer any income, etc.
- ghaff 5y agoAbsolutely. As far as I know, I've never had issues with my accountant although my filings are such a thick sheaf at this point that, who knows? (And my income sources aren't even that complicated.) I do fear state tax filings are about to get more complicated with some states apparently looking to collect money for even one day business trips. I wish Congress would get off the blocks and pass the minimum 30 day exclusion that's been brought up a couple times.