Return Fitting
Three (3) Secrets to a Successful Tax Return!
How do you find a tax preparer that is right for you?
First, not all tax preparers are the same. I wrote an article about this last year titled: Tax Returns: Are They All Created Equal?
HOW DO YOU FIND A TAX PREPARER THAT IS RIGHT FOR YOU?
First, not all tax preparers are the same. I previously wrote an article about this last year titled: “Tax Returns – Are they really all created equal”, and you may be as surprised as other readers about just how much tax return preparation can vary.
In fact, I calculated the average savings I typically find from annual tax savings, reducing professional fees and audit assessments. In total, the average savings are:
- $23,750 Annual tax savings
- $5,000 Audit defense savings
- $10,000 Reduced audit assessment savings
- $50,000 Reduced legal fees
- $3,000 Reduced tax return preparation fees
This is a total average potential savings of $91,750! Your tax preparer does make a difference! How much more could you do with these savings?
Second, the right tax preparer for you depends on what is important to you. Take a minute to answer this question:
WHAT MAKES YOUR TAX RETURN SUCCESSFUL?
How you answer this question will impact what type of tax preparer you need on your team. I’ve asked this questions to clients, prospects and colleagues. I have compiled the most popular answers and what it means to you as you find the tax preparer for your team.
ANSWER #1: Paying the least amount of tax legally
Your tax preparer needs to:
- Know the tax law very well and know how to be creative legally.
- Ask you a lot of questions about your situation in order to understand your situation and goals.
- Have a review process where at least one other person reviews your return solely for the purpose of how to reduce your taxes legally.
HERE ARE SEVEN (7) QUESTIONS YOU SHOULD ASK YOUR TAX PREPARER TO DETERMINE IF IT’S A GOOD FIT:
Q1: Can you tell me about the other ___________ (your industry) you service?
A: Your tax preparer needs to know how the tax law applies to your situation. Having other clients in your industry or with similar investments indicates that the tax preparer is likely to be familiar with the tax laws that impact you.
Q2: Who will be working on my tax return?
A: It’s very common (and a good business practice) for tax preparers to have staff prepare your tax return. You want to make sure the other people working on your return have the same level of expertise.
Q3: What is your tax return review process?
A: Tax preparers who are focused on reducing your taxes will have this built into their review process. Usually it involves having another experienced tax preparer review the return solely for the purpose of finding ways to reduce your taxes.
Q4: What would you have done differently on my past tax return?
A: Show the tax preparer you are interviewing your prior year tax return. Creative tax preparers will be able to give you at least one idea of what you can do to reduce your taxes by looking at your tax return for just a few minutes. If it’s creativity you are after, this is a great question to ask! But don’t expect the tax preparer to give you all the details right then and there – that’s why you pay them!
Q5: How much can you save me in taxes?
A: While it’s difficult for any tax preparer to answer this in just a few minutes of looking at your past tax return, it is possible for them to know if they can save you taxes after spending 30 minutes with you.
Q6: What deadlines do you impose on clients?
A: This may seem like an odd question for minimizing your taxes but it has a direct impact. If your tax preparer allows you to provide your information a week before the tax return is due, it’s very unlikely that the tax preparer will have the time to focus on your return to truly minimize your taxes. Tax preparers that want to reduce your taxes want your tax return information early and will communicate that to you.
Q7: What recent tax law changes should I be aware of? A: To minimize your taxes, your tax preparer needs to know the tax law inside and out, which includes the latest changes. Your tax preparer needs to be able to answer this question without hesitation.
ANSWER #2: Minimizing tax return preparation fees Your tax preparer needs to:
- Focus on the tax work and recommend someone else for the non-tax work (such as bookkeeping).
- Request tax information in a certain format.
- Require you to input your information online.
HERE ARE TWO (2) QUESTIONS YOU SHOULD ASK YOUR TAX PREPARER REGARDING MINIMIZING RETURN PREPARATION FEES TO DETERMINE IF IT’S A GOOD FIT:
Q1: What can I do to reduce my tax return preparation fees?
A: To minimize your tax return preparation fees, your tax preparer always needs to have your fees in mind. Ask your tax preparer what you can do to reduce your fees. If you don’t get at least 2 suggestions, your tax preparer probably isn’t thinking about how to keep your fees low.
Common suggestions include:
- Have someone other than the tax preparer do your bookkeeping. I am always skeptical when a tax preparer does the bookkeeping. First, they either charge an arm and leg or if they reduce their rates to accommodate you, it means they don’t spend their time entirely on tax issues, which could indicate their tax skills aren’t up to par.
- Organize your information. Don’t bring your tax preparer a shoebox! A tax preparer that is really focused on keeping your fees down will have forms, spreadsheets and other tools available for you to use to organize your tax return information.
- Enter your information online. Many tax preparers now require clients to input their information online. Accurately entered information can help reduce fees. Caution: Information that is entered inaccurately can increase your fees!
Q2: What is your fee structure?
A: Your tax preparer needs to be able to answer this question with confidence. Any wavering could indicate that the tax preparer knows the fees are too high for you but just doesn’t want to tell you. Unfortunately in these situations, you find out too late!
ANSWER #3: Reducing audit risk Your tax preparer needs to:
- Know the tax law very well and how to properly report your activity.
- Understand the IRS’s current “hot buttons” or “red flags.”
- Offer an audit defense plan.
HERE ARE FOUR (4) QUESTIONS YOU SHOULD ASK YOUR TAX PREPARER IN REGARDS TO REDUCING AUDIT RISK TO DETERMINE IF IT’S A GOOD FIT:
Q1: How many audits have you been through and what triggered the audit?
A: The most important part of this question is what triggered the audit. If it was triggered by how something was reported, then that may be something the tax preparer had control over (and may be a bad sign for you).
Q2: What was the outcome of the audits you have been through?
A: A return can be randomly selected for audit or selected because of a certain activity (even though it was reported correctly). So it’s important to understand the outcome of the audits. Was additional tax assessed or were there no changes? Additional tax may indicate that something was not reported properly.
Q3: Do you offer an audit defense plan?
A: Tax preparers that are confident in their work will offer an “insurance” program that covers their professional fees to handle your audit if your return is selected for audit.
Q4: What is your tax return review process?
A: Although tax returns can be selected randomly for audit, many are selected due to how items are reported on the tax return. Tax preparers who are focused on reducing audit risk will have a review process that includes another tax preparer reviewing your return solely for accuracy of reporting.
Be selective with the tax preparer you put on your team. The average savings I find for my clients is over $90,000! Your tax preparer makes a difference!
About the Author
Tom Wheelwright is not only the founder and CEO of Provision, but he is the creative force behind Provision Wealth Strategists. In addition to his management responsibilities, Tom likes to coach clients on wealth, business, and tax strategies. Along with his frequent seminars on such strategies, Tom is an adjunct professor in the Masters of Tax program at Arizona State University. For more information, please visit http://www.provisionwealth.com
EZINLET-Concrete Swimming Pool Return Fitting – SAVES TIME: Quick, Clean and Easy
|
|
T3/T4 STAINLESS STEEL TURBO OIL FEED & RETURN LINE 4AN/10AN FITTINGS $56.99 |
|
|
17″ STAINLESS STEEL T3/T4 OIL RETURN LINE 10AN FITTINGS $36.99 |
|
|
17″ Turbo Oil Return Drain Line Kit T3 T4 T70 T66 GT45 T3T4 BRAIDED 10AN FITTING $35.00 |
|
|
17″ TURBO OIL RETURN DRAIN LINE+36″ 1/8 NPT TURBOCHARGER OIL FEED FITTING LINE $51.99 |
|
|
50′ 1/2″ Return/Supply Braided Hose Assy w/SS Fittings $101.99 |
|
|
2 New 6′ Swagelok Supply/Return Hoses +1/2″ SS Fittings $74.99 |
|
|
Parker 8′ 811-16 Suction & Return Line Hose w/Fittings $78.99 |
|
|
Loc-Line 90 Elbow Ball Socket Sump/Return 1/2″ Fitting $3.95 |
|
|
OIL RETURN DRAIN LINE FITTING TURBO FLANGE 10AN T3 T3/T4 T4 T70 T04E T04B T3T4 $14.98 |
|
|
Pro Products 52184 Stainless 90 Degree Fuel Return Fitting for GM Mopar Single $11.49 |
|
|
Pro Products 52183 Stainless Straight Fuel Return Fitting for GM Mopar Single $10.49 |
|
|
Universal Turbo Oil Return Drain Kit 10AN T4 T04B Oil Pan Plug + Fitting + Line $65.00 |
|
|
Turbo Oil Return Drain Kit 10AN T3 T4 T04E T04B T70 Oil Pan Plug /Fitting / Line $65.00 |
|
|
New Fuel Pump Inlet Fitting With Return Port – 10″ $39.99 |
|
|
FREE 3-4 DAY SHIPPING Pool Spa Return Jet Fitting 1-1/2″, 1″ Hayward SP1419E $3.45 |
|
|
(2) -10 AN Swivel Hose End Straight Fitting Adapter Oil Return Drain Relocation $11.99 |
|
|
HARLEY SHOVELHEAD OIL RETURN FITTING FEED FITTING SPORTSTER OIL TANK FITTING $7.25 |
|
|
HONDA HORNET LOGO SEAT COVERING fitting plus return post $94.09 |
|
|
New AN8 Power Steering Hose Kit, AN6 Pressure/Return & AN8 Reservoir/Fittings $99.99 |
|
|
Replacement Power Steering Return Hose w/fitting Impala 67 68 69 70 71 72 73 74 $11.95 |
|
|
New Fuel Pump Inlet Fitting With Return Port – 12″ $39.99 |
|
|
HAYWARD SP1419D Pool Return Eyeball Jet Fitting 3/4″ $14.95 |
|
|
CXRacing AN10 Oil Pan Drain Return Plug/Fitting Adapter Bung Turbo T3 T4 T04E T6 $29.99 |
|
|
Mercedes w126 Fuel Hose Return Line to Tank w/ 1 Hex Fitting $20.90 |
|
|
FUEL RAIL FITTING -6AN RETURN ECLIPSE TALON 1G DSM FPR $21.95 |
|
|
Deluxe Return Fitting Assy 1″ Vinyl Waterway 550-9340 $20.61 |
|
|
Deluxe Return Fitting Assy 1″ Vinyl Waterway 550-9340 $20.61 |
|
|
HAYWARD SPX1408C, RETURN FITTING GASKET. $3.99 |
|
|
HAYWARD ABOVE GROUND RETURN FITTING GASKET KIT. , 2 GASKETS AND 1 SLIP WASHER. $8.50 |
|
|
12 AN Bypass Return Inlet Fitting Black $26.91 |
|
|
CXRacing Universal AN10 Oil Drain Return Line Kit Pan Plug Fitting NA to Turbo $66.99 |
|
|
CXRacing Universal AN10 Oil Drain Return Line Kit Pan Plug Fitting Turbo T3 T4 $66.99 |
|
|
Turbo Oil Feed + Return Line Flange Fitting Nissan RB25DET RB20DET 240SX S13 S14 $69.99 |
|
|
Doughboy Return Fitting Body – Beige 340-1773 $9.50 |
|
|
SWIMMING POOL FITTING RETURN SCREWS 1″ pack of 4 $4.99 |
|
|
Swimline Hydrotools #8949 Return Fitting Eyeball $6.95 |
|
|
GM Power Steering Gear to Pump Return Hose Fitting NOS $14.00 |
|
|
TURBO OIL LINE KIT OIL FEED OIL RETURN KIT AN FITTINGS $80.00 |
|
|
HAYWARD SP1408 Swimming Pool Return Inlet Fitting 1.5″ $18.95 |
|
|
TURBO OIL LINE KIT OIL FEED OIL RETURN KIT AN FITTINGS $80.00 |
|
|
FREE 3-4 DAY SHIPPING Hayward Inlet Locknut Return Fitting 1.5″ Female SP1023 $9.99 |
|
|
POOL RETURN JET SP1419E HYDRO FITTING EYEBALL 1″ $5.49 |
|
|
POOL RETURN JET SP1419C HYDRO FITTING EYEBALL 1/2″ $4.69 |
|
|
0.47″ Dia Port Non-Return Check Valve Clear Wht Fitting $3.81 |
|
|
RUS-640873 Ford EFI -6 AN Male Return Side Fuel Rail Fitting Black Russell $16.99 |
|
|
Infusion Pool Return Line Venturi Inlet Fitting VRFTHDG $19.99 |
|
|
Infusion Pool Return Line Venturi Inlet Fitting VRFTHWH $19.99 |
|
|
Infusion Pool Return Line Venturi Inlet Fitting VRFTHLG $19.99 |
|
|
Infusion Pool Return Line Venturi Inlet Fitting VRFTHBK $19.99 |
|
|
RUS-640870 Ford EFI -6 AN Male Return Side Fuel Rail Fitting Blue Russell $14.49 |
|
|
Hayward Pool Product Return Fitting inlet outlet SP1408 $12.00 |
|
|
Hayward Pool Product Return Fitting inlet outlet SP1408 $12.95 |
|
|
HAYWARD SP1408 Swimming Pool Return Inlet Fitting 1.5″ $17.95 |
|
|
Turbo Oil Pan Return Drain Plug Adapter Bung Fitting Bolt on 5/8″ Hose no Weld $20.99 |
|
|
AN10 Oil Pan Drain Return Plug/Fitting Bolt on no Weld GT35 GT25 GT28 T04E T04B $29.95 |
|
|
HAYWARD SP1419D Pool Return Eyeball Jet Fitting 3/4″ $14.95 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.83 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.09 |
|
|
Pool Spa Return Jet Fitting 1-1/2, 1″ Hayward SP1419E $3.44 |
|
|
Fragola Performance Systems EFI Inlet Return Fitting 495012-BL $35.90 |
|
|
STAINLESS STEEL T3/T4 TURBO OIL FEED & RETURN LINE 4AN/10AN FITTINGS $58.99 |
|
|
T3/T4 OIL RETURN LINE 10AN FITTINGS 17″ STAINLESS STEEL $37.99 |
|
|
36″ 4-AN 1/8 NPT OIL FEED FITTING LINE+17″ 10 AN TURBO OIL RETURN DRAIN LINE KIT $58.00 |
|
|
17″ TURBO OIL RETURN DRAIN LINE+36″ 1/8 NPT TURBOCHARGER OIL FEED FITTING LINE $58.50 |
|
|
Fragola Performance Systems EFI Inlet Return Fitting 495010-BL $23.95 |
|
|
HAYWARD SP1419D Pool Return Eyeball Jet Fitting 3/4″ $14.95 |
|
|
Honda Turbo Oil Return Drain Fitting Adapter 1/2″ w/ Gasket Accord Prelude GSR $14.00 |
|
|
1.5″ Vinyl Concrete Pool Inlet Fitting Return Line Venturi Infusion White VRFTH $16.50 |
|
|
17″ Turbo Oil Return Drain Line Kit T3 T4 T70 T66 GT45 T3T4 BRAIDED 10AN FITTING $35.98 |
|
|
ABOVE GROUND SWIN N PLAY INC. WIDE MOUTH WALL SKIMMER WITH RETURN FITTING $33.99 |
|
|
30 PCS NEW,AQUASTAR, # ES-1022 1-1/2″ SLIP DARK GRAY WALL FITTING,RETURN FITTING $33.99 |
|
|
1-1/2″ Pool Spa Return Jet Fitting, 1/2″ Eye Ball Hayward SP1419C $3.58 |
|
|
CXRacing TURBO OIL FEED + RETURN DRAIN LINE 4AN 10AN FITTING FLANGE T04E T04B T3 $90.00 |
|
|
CXRacing TURBO OIL RETURN +AN4 FEED LINE T3 T4 T04E T70 T72 COMPLETE KIT FITTING $90.00 |
|
|
0.47″ Dia Port Non-Return Check Valve Clear Wht Fitting $4.00 |
|
|
Aboveground Swimming Pool Complete Return Line Fitting $14.00 |
|
|
HAYWARD SP1419D Pool Return Eyeball Jet Fitting 3/4″ $15.95 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.06 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.96 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.96 |
|
|
55-96 Fargo Ford International Power Steering Return Line End Fitting 39135 New $13.90 |
|
|
1-1/2″ Pool Spa Return Jet Fitting, 3/4″ Eye Ball Hayward SP1419D $4.13 |
|
|
1-1/2″ Swimming Pool Spa Return Jet Fitting, 3/4″ Eye Ball Hayward SP1419D $4.11 |
|
|
RETURN JET FITTING Eyeball Pool Filter Above Ground $18.99 |
|
|
Hayward Pool Product Return Fitting inlet outlet SP1408 $8.25 |
|
|
2000 2001 NISSAN MAXIMA AC A/C SUCTION PIPE TUBE FITTING RETURN LINE HOSE $84.49 |
|
|
POOL RETURN JET HYDRO FITTING EYEBALL 1″ ( SP1419E ) $5.99 |
|
|
POOL RETURN JET HYDRO FITTING EYEBALL 3/4″ ( SP1419D ) $5.99 |
|
|
POOL RETURN JET HYDRO FITTING EYEBALL 1/2″ ( SP1419C ) $5.99 |
|
|
Edelmann Power Steering Return Line End Fitting 39108 $3.52 |
|
|
Edelmann Power Steering Return Line End Fitting 39135 $3.52 |
|
|
Return Fuel Line with Fitting, 1998 Roadking Road King PN: 61471-95A $130.00 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.82 |
|
|
New 1/2″ Fuel Line Return Fitting – 1 threaded end, 1 O-ring in end $6.99 |
|
|
Hayward Pool Return Fitting Face Cover SPX1408B SP1408 $6.50 |
|
|
HARLEY 63533-65 OILER FITTING RETURN LINE V-TWIN 12-1412 NOS LOW SHIPPING $16.00 |
|
|
ATP Oil Return/Drain Fitting for MAZDA Mazdaspeed3 $27.99 |
|
|
Mechanical Fitting Plastic Barb Non-Return Check Valve $3.77 |
|
|
Aboveground Swimming Pool Return Fitting Return Line $12.99 |
|
|
SWIMMING POOL FITTING RETURN SCREWS 1″ pack of 20 $7.99 |
|
|
Gilmour 10-34050 3/4-Inch-by-50-Foot 8-Ply Flexogen Hose $34.95 Ideal for a wide range of home and yard uses, this professional-grade Flexogen hose from Gilmour is the only eight-ply garden hose on the market. Delivering more than 500 PSI burst strength, this high-performance hose is also lightweight and floatable, and features durable, patented construction and heavy gauge, crush-resistant brass couplings. Perfect for use in any weather, its double tire cord … |
|
|
Goldline AQ-TROL-HP AquaTrol Above Ground Chlorinator $479.99 Finally, a better alternative! Unlike traditional chlorine treatments that require a regular routine of monitoring and replacing chlorine, Aqua-Trol automatically generates chlorine from common table salt. The chlorine dissolves in your water, to satisfy all of your pool’s purification needs. And because the salt doesn’t wear out or evaporate, it’s used over and over again. It features an easy to… |
|
|
Wheaton Tools PL200 Stair Wizard $143.28 The Stair Wizard is the finest stair tread and riser gauge available anywhere that will allow you to install wall-to-wall type treads in half time of traditional methods. The Stair Wizard works by creating an exact template of each tread (or riser), including length, end angles and depth Simply scribe the tread bank along the template outline, or use the Stair Wizard itself as a cutting guide. It … |
|
|
Caswell-Massey Lily of the Valley Spa Gift Set $22.83 ($33.00 Value)Beloved by all who have ever beheld a stand of this pure white flower in a shady garden or the wild habitat for which it is named, Lily of the Valley’s delicate, yet forthright floral fragrance reverberates from spikes of ruffled white bells nestled in rich green foliage. Gathered since ancient times from woodland valleys, a nosegay of these diminutive flowers has a scent that is bot… |
|
|
Viair 92831 1/4 NPT Nickel Plated Check Valve $3.75 1/4″ Female to 1/4″ Male. NPT (Nickel Plated). Satisfaction ensured. Manufactured to the highest quality available…. |
|
|
Lisle 39960 Transmission Oil Cooler Line Disconnect $4.99 Two sizes – special tips for easy fit Use 3/8″ size for 2003 and later Ford V8 Explorer, 2004 and later Ford F150 and Cadillac CSUse 1/2″ size for Ford Super Duty Trucks, F250, F350 and F450…. |
|
|
Battlefield 3 (Xbox 360) $33.88 Along with ground combat, vehicular combat plays a major role with vehicles available including tanks as well as air support, featuring infrared and satellite imaging. The game contains both single player missions and competitive and co-op multiplayer actions supporting up to 24 players online, and set in diverse locations from around the globe including Paris, Tehran and New York…. |
|
|
Battlefield 3 [Download] $50.24 … |
|
|
Battlefield 3 $39.49 Along with ground combat, vehicular combat plays a major role with vehicles available including tanks as well as air support, featuring infrared and satellite imaging. The game contains both single player missions and competitive and co-op multiplayer actions supporting up to 24 players online, and set in diverse locations from around the globe including Paris, Tehran and New York…. |
|
|
Wolfenstein $14.99 Wolfenstein is a supernatural/science fiction first-person shooter, based on the video game series developed by Id Software that has been a favorite of 2D and 3D gamers across multiple game iterations and platforms since the early 1980s. In this new take, players battle the Nazi’s dark obsession with the occult through epic action and harrowing shooter combat. Filled with ferocious enemies, mov… |