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An $8,000 Tax Nightmare

4 Minute Read

It’s one thing to go into tax season knowing you’ll have to pay additional taxes when you file, but when you’re expecting to get a refund and end up getting the awful news that you owe $8,000—well, for most of us, that would be a nightmare scenario.

But that’s exactly what happened to Lori T. a few years ago. We’ve told her story before, but we think it’s worth repeating if it helps other folks understand the value of a true tax professional. Here are three benefits Lori and a few of our other readers discovered once they worked with an expert to file their taxes.

1. Expertise That Will Save You Money

Lori went to a well-known, nationwide tax-preparation company for help filling out and filing her income taxes. She worked with an agent who claimed to have 25 years of experience, but the agent made several mistakes and left out deductions Lori qualified for. As a result, his forms showed that Lori owed the IRS $8,000!


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“I was stunned and panicked at the same time,” Lori told us. She’d been expecting a refund since she’d just bought a home and thought she was eligible for homebuyer tax credits that were available at the time.

One of Lori’s friends recommended she get a second opinion from a CPA—one of Dave’s tax Endorsed Local Providers (ELPs). Lori’s new CPA found the errors the original agent made and discovered that Lori was actually due a refund!
Read Lori’s full story.

Clearly, not everyone who works with a tax expert will save $8,000 on their taxes. But, as Todd E. in Terre Haute put it, every little bit is more cash in your pocket.

“After doing my taxes [myself] online for the last few years, [my ELP] saved me about $250 on my taxes this year,” he said.

2. Confidence That Your Taxes Are Filed Correctly

We all want to save money on our taxes, but there’s more to working with a pro than boosting the size of your refund. Peace of mind is another huge benefit. When you hire an experienced expert to complete your taxes, you can trust that they’ve been done correctly.

In Lori’s case, she felt uneasy about her original tax preparer from the get-go. As it turned out, her doubts were a huge red flag. The same thing happened to Christina K. after she filled out her own tax forms. To calm her fears, she consulted her tax ELP before she filed. “I have an understanding of tax and accounting,” she said. “But I came away with so much more knowledge.”

3. Respect—Get Treated Like a Person, Not a Time Slot

In addition to providing expertise, a professional with the heart of a teacher will also go the extra mile to super-serve you. Lori’s first tax preparer rushed her along, brushing aside her questions about potential deductions since his next client was already waiting.

But when she met with her ELP, Lori had a completely different experience. “I feel more secure because I believe she is truly working to do the best job possible for me, instead of feeling like I’m just the next person in line,” she explained. “I can ask questions, and she will actually take the time to answer or explain without making me feel like I'm encroaching on the next person’s time slot.”

Abbey R. felt the same way after she met with her tax ELP. “I couldn’t believe how friendly [my ELPs] were,” she said. “I was a little nervous, but when I left, I felt like I was family.”

Want to See How Much Time and Money You Can Save With a Tax Pro?

You’ve got enough to deal with without having to worry that your taxes have been done correctly. This year, work with a true tax professional you can trust not only to help you save money but also to get your taxes done right first time.

We can put you in touch with an experienced tax pro with the heart of a teacher in your area. All of Dave’s tax experts are experienced licensed professionals who are dedicated to helping you file your taxes with confidence. Find your tax pro today!

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