“Paying as Little as you can on Your Income Tax can come back to Hurt YOU”
Hello Joe,
I've got to tell you I'm pretty embarrassed about how pathetic my income looks on my tax return. Which by the way I was only able to find 2015, and Im still looking for 2014, and Deans returns as well. I
had everything on my other computer which died, that was extremely
disruptive for more than just the tax return as you can imagine. To make
this just a little more pressing we need to unfortunately figure this
out by November 13th.
I’m
all about saving as much money as I can on my income tax but some take
this process to an extreme. Very often it is because they may be
thinking they will not need a mortgage in the future.
Once
I review the numbers on two years of tax returns I will have a much
better idea as to what is possible. Hopefully the math will work but it
doesn’t sound good.
For
anyone self-employed, make sure you think ahead and plan for what your
borrowing needs may be in the future. At least talk to a mortgage
professional, like myself to make sure you are on the “Right Trac”.
Image courtesy of StuartMiles/freedigitalphotos.net
