The Costly Tax Mistakes Your CPA is Probably Making

Tomorrow's tax day! For some of you listening, that might be anxiety inducing.For most of our clients, it's actually a good day, because they can be confident they have a proactive tax strategy and filing in place that's helping them save significantly.  In this episode, Mike and Kevin break down real client stories where CPAs missed massive tax-saving opportunities, and what proactive tax strategy actually looks like in practice.Some of the important takeaways you'll hear:➡️ Your CPA filing your return isn't the same as your CPA saving you money... and the difference can be six figures➡️ Owner-occupied real estate can offset operating income in ways most CPAs never tell you about➡️ Zero officer comp in your S Corp isn't just risky, it's costing you your QBI deduction➡️ You get what you pay for: don't be surprised if a $400 tax return comes with a $40,000 mistakeIs your CPA calling you first with a clear tax strategy? Or just sending you a bill?Ready to stop overpaying? Reach out at https://www.revotaxpayer.com/Connect with usWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] — The $1M Mistake[00:35] — Welcome & It's Tax Day Eve[01:00] — File Your Extension (Before Midnight)[01:36] — Why Tax Day Is a Win for Revo Clients[03:22] — Overlooked Opportunities: How We Review New Clients[04:15] — Case Study: The Memory Care Facility[07:57] — The Bowling Alley Tax Call[12:51] — Case Study: The Three-Business Owner[15:48] — S Corp Compliance & The QBI Miss[20:12] — What $400 Tax Prep Really Costs YouDisclaimer: This content is for educational purposes and does not constitute tax or legal advice. Always consult a qualified tax professional for your situation.