Steven Bibisi

10 Most Expensive Tax Mistakes That Cost Investors Thousands Steven Bibisi

Are you satisfied with the taxes you pay? Are you confident you're taking advantage of every available break? Is your tax advisor giving you proactive advice to save on taxes? If you're like most investors, your answers are "no," "no," and "huh?" And if that's the case, I've got bad news and I've got good news. The bad news is, you're right. You do pay too much tax - maybe thousands more per year than the law requires. You're almost certainly not taking advantage of every tax break you can. Our tax code is thousands of pages long, with tens of thousands of pages of regulations. There are thousands more pages of IRS guidance, along with volumes of court cases interpreting all those laws, regulations, and guidance. The sad reality is, there's probably no one alive taking advantage of every tax break they're entitled to, simply because there are so many breaks out there. And most tax advisors aren't very proactive when it comes to saving their clients money. They put the "right" numbers in the "right" boxes on the "right forms," and get them filed by the "right" deadlines. But then they call it a day. They do a fine job recording the history you give them. But wouldn't you prefer someone to help you write history? The good news is, you don't have to feel that way. You just need a better plan. And you've already taken a giant step in that direction, whether you realize it or not. You have more control over the taxes you pay on your investments than you do over any other aspect of your portfolio! Now you just need to take advantage of what you already have.