Fast Facts

Fear:

It isn't legal or ethical to save on taxes!

Fact:

Well, let's see what a Supreme Court Justice had to say about that.

Justice Learned Hand said, "There is nothing sinister in arranging one's affairs so as to keep taxes as low as possible. Everybody does so, rich and poor, and all do right. Nobody owes any public duty to pay more than the law demands."


Fear:

The IRS will audit me if I change the way I do my return.

Fact:

The IRS does not flag your return for audit simply if you change the amount of your income, deductions or business structures. The most common reasons for IRS audit are:

  • Mistakes made in math on the return.
  • Amounts reported do not agree to W-2s, 1099s, and 1098s reported to the government by others.
  • The return was not signed.
  • Schedules were not correctly completed

Fear:

I'd rather pay more and not be audited.

Fact:

The amount of tax you pay has nothing to do with your likelihood of being audited. The idea that it does is more wishful thinking... and is just plain flat wrong!


Fear: 

Getting a tax education is expensive.

Fact: 

Education isn't expensive–it's not knowing that is expensive. Plus, the money you spend for educational products and seminars is tax deductible. Diamond Tax Consultants offers a tax course every year.

Benefits of the Income Tax School:

  • Gain a new professional marketable skill
  • Work flexible hours: (Days, Nights or Weekend)
  • Increase your income
  • Cut Your Own Tax Bill - course is tax deductible
  • Certificate of Achievement Awarded upon completion