NEW TAX MYTHS THAT COULD COST YOU MONEY

As America’s dreaded tax season draws near, taxpayers are inundated with a flurry of advice on how to minimize their tax burden.

While some of this information may be sound, much of it is based on tax myths and misconceptions about the filing process. These myths are both an unfortunate consequence of the complexity of the tax code and an intentional effort by some tax professionals to increase their clients’ bill.

Say it with me: we’ve had enough! It’s time to dispel some of the most common tax myths and set the record straight.