3003: How to Find a Good Tax Preparer by Kelley Long of Financial Finesse on Money Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 12 January 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3003: Kelley Long shares practical advice for navigating the complexities of hiring a tax professional. Whether you're a self-employed entrepreneur or have straightforward tax needs, she clarifies the roles of tax preparers, EAs, and CPAs, and offers actionable tips to ensure you find the right expert to save time, money, and stress. Read along with the original article(s) here: https://www.financialfinesse.com/2017/04/26/how-to-find-a-good-tax-preparer/ Quotes to ponder: "Pretty much anyone can call themselves a tax preparer, although the IRS has started to regulate that by requiring people who accept payment for preparing taxes to have a PTIN." "If time is money, then the money we pay our accountant to prepare and file our taxes is money well spent." "The sad fact is that there aren’t a lot of CPAs out there that actually want to do income taxes for regular families who just have jobs, kids, a house, and a few charitable donations." Episode references: Illinois CPA Society: https://www.icpas.org National Association of Enrolled Agents: https://www.naea.org Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:00.3	This is Optimal Finance Daily.
1:03.0	How to Find a Good Tax Prepairor by Kelly Long with FinancialFenest.com.
1:09.2	As a CPA who used to actually prepare taxes for other people,
1:14.0	many are often surprised to learn that I no longer even prepare my own income taxes.
1:19.6	The first year my husband and I were married, I spent the better part of a spring Saturday
1:24.0	in putting all of our stuff into the online software and resolved after that to
1:28.8	outsource that task to a real pro going forward. When I was single and had just a W-2 student loan
1:35.7	interest and a deposit to my IRA, my taxes were simple and it took me less than an hour to get
1:41.5	them filed. But our taxes are much more extensive these
1:45.1	days. My husband is an independent contractor, so he's considered self-employed. We make several
	...

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