Following the Tax Rules
The majority of the tax law is intended to reduce your taxes, not increase it. If you follow the rules, you’ll enjoy legal tax deductions and be well-prepared for an audit.
The challenge most people have with this is they don’t know the rules and have no interest in reading the tax law to learn them.
This is why you need a great tax advisor on your team.
Leverage your tax advisor’s knowledge to open a whole new world to what is legally deductible. Understanding exactly what you need to do to legally claim your deductions means that even if you are audited, you have followed the rules and minimized the likelihood of having any audit adjustments.
For example, if my client has a home office, we go through the home office rules. By making sure the rules are followed, I’m not only making sure my client qualifies for the deduction, but that they know how to document the deduction.