I had the pleasure of speaking with Jackie Meyer, a seasoned CPA and tax professional with over 20 years of experience. We delved into the topic of tax planning, how taxpayers can save money on their taxes, and how taxpayers can determine if their tax preparer is truly saving them money vs just filing their return.

We discussed how to communicate with your tax professional to ensure you are receiving comprehensive tax planning services, not just tax filing. Jackie explained the differences between a tax preparer and a tax advisor and shared the questions that taxpayers should be asking their professionals to determine if they are getting the best advice.

We also talked about the impact of AI and technology on taxpayers' approach to taxes, and how they can be utilized to save money.

Jackie's wealth of experience and knowledge provided valuable insights for both taxpayers and tax professionals. On Keep What You Earn, our goal is to help you keep more of your hard-earned money, and Jackie's expertise has certainly contributed to that.

What you'll hear in this episode:

[4:30] Who is Jackie and how did she get into accounting?

[7:15] Is your tax preparer saving you any money in taxes? If not, how do you start looking into finding additional savings?

[8:44] How to communicate with your tax professional that you are looking for tax planning, not just tax filing services?

[11:20] As a taxpayer, what questions should you be asking your professional to start understanding what their capabilities are to help save you money in taxes?

[13:45] What kind of differences can you expect between a tax preparer and a tax advisor?

[16:20] What can taxpayers take away from the new advancements in AI and technology in relation to their taxes?

[21:00] As a tax professional, how should you describe tax advisory services to a client and what are the bare minimum requirements that it contains?

[23:00] The tax code is not made for W2 standard employees, it is made for business owners and real estate investors.

[26:30] What is Jackie's counterargument to those that say tax strategy is a cheat?

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* Related episodes:

269: Listen to This Before Shopping For a New Tax Pro

271: 3 Myths About Extensions

272: Investment and Retirement Planning for Business Owners with Pat Darby

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.