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Is Your CPA Working for the IRS?!
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Many people think that their CPAs have their best interests at heart. But the truth is that oftentimes, CPAs allow their clients to miss out on massive amounts of tax savings by failing to implement powerful tax strategies on their behalf. Of course, this does not apply to every CPA. But it does apply to some.
In this video, tax expert Karlton Dennis explains how you can tell if your CPA is working for you, or if they are working for the IRS. If they are working for the IRS, it could potentially cause you to miss out on tremendous amounts of tax savings. Karlton explains some red flags that could indicate that your CPA is working for the IRS.
Crucially, Karlton also provides a real-life example of a celebrity who ended up overpaying in taxes by $9 million dollars because his CPAs weren’t attentive enough when doing his taxes. If you want to know whether or not your CPA is really working to maximize your tax savings, or is just focused on getting your tax forms completed, then this is a good video for you to watch.
CHAPTERS:
0:00 Intro
0:58 Is Your CPA Working for the IRS?
2:35 The Sad Truth
3:09 Signs That Your CPA Is Working for the IRS
4:46 Understanding the "Why"
6:46 Something Else to Consider
8:02 How Serious of a Problem Is This?
9:12 No Disrespect to CPAs
9:54 Subscriber Question!
11:24 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#irs #cpa #karltondennis
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