Recommend a Tax Strategist/Planner/Advisor for high income earner

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MajinVegeta
Posts: 12
Joined: Tue Jan 17, 2023 11:20 pm

Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by MajinVegeta »

Good evening

Any recommendations on a CPA proactivr tax strategist, planner, advisor, Tax preparer,


I'll be a K1 independent contractor
I'm going to manage my investments but I'll need some assistance with maximizing Tax deductions, strategies, and preparation?

Thank u in advanced
secondcor521
Posts: 1053
Joined: Wed Sep 10, 2014 4:11 pm

Re: Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by secondcor521 »

Interview partners or senior CPAs at respected CPA firms near you which do tax preparation until you find one that will do what you want and you get along with and see eye-to-eye on.

Most will want you to sign up for annual tax preparation and may include some advice in there, but probably not any heavy duty tax planning.

I mostly DIY things, but I found a CPA who will consult on an ad hoc basis for $250 an hour who I see very occasionally for really complicated stuff or if I just need a second opinion.
Rex66
Posts: 1840
Joined: Tue Aug 04, 2020 5:13 pm

Re: Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by Rex66 »

I’m not sure there are any tax advantages vs 1099.

I have to imagine most good CPA’s can handle this
retireIn2020
Posts: 395
Joined: Sat Jan 04, 2020 6:13 pm

Re: Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by retireIn2020 »

Rex66 wrote: Tue Jan 24, 2023 6:29 pm I’m not sure there are any tax advantages vs 1099.

I have to imagine most good CPA’s can handle this
I have to agree, however, the difference is the amount of coaching the client gets for the cost!
Retired as of July 2020
Rex66
Posts: 1840
Joined: Tue Aug 04, 2020 5:13 pm

Re: Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by Rex66 »

I worry that the coaching will lead to bad advice like insurance as an investment
Chardo
Posts: 912
Joined: Fri Feb 18, 2022 1:16 pm

Re: Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by Chardo »

What's a K1 independent contractor? K1 is for owners of a pass through entity. Do you mean 1099 independent contractor?
Chardo
Posts: 912
Joined: Fri Feb 18, 2022 1:16 pm

Re: Recommend a Tax Strategist/Planner/Advisor for high income earner

Post by Chardo »

Rex66 wrote: Fri Jan 27, 2023 8:42 am I worry that the coaching will lead to bad advice like insurance as an investment
So we're to go around not trusting advice from any professional?
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