Q:

Subject: Help.  I am lost.

HELP!!!

 

The following is taken directly from this page address on your web site.  

 

"{The following information is not intended to replace the services of a professional qualified income tax consultant who can better understand how these issues fit into your particular circumstances.  Trying to set up and/or operate a corporation of any kind without competent  professional guidance is asking for serious trouble.}

 

"I continue to hear attorneys and other allegedly knowledgeable authorities recommending the use of Subchapter S corporations, when that ends up costing the clients a lot more in tax dollars."

 

In the first paragraph, you are telling me (an owner of a C corp.) to operate without competent professional guidance is asking for serious trouble.  Then, in the next paragraph, you tell me about "allegedly" competent professional guidance that could end up causing me serious trouble.

 

How in the world do I discern between the competent professional guidance and the alleged knowledgeable professionals?!

 

I have been in business for just over a year.  I need a competent attorney and accountant who understands C corporations...particularly a C corporation that is just me...who is an artist.  So how do I find that COMPETENT attorney and accountant?  The phone book???  Referral by someone who does not really know if the attorney or accountant is competent or competent in regard to C corps???  Utilization of the VLAA (Volunteer Lawyers and Accountants for Artists) who may or may not be competent...at least in regard to C corps or my particular situation???

 

Like the characters on the hit ABC tv show...I am lost.

A:

That has always been a dilemma. 

Unfortunately, we don't have anyone to whom we could refer you. If you haven't already done so, you should check out my tips on how to select the right tax preparer for you.

Good luck.

Kerry Kerstetter

Follow-Up:

Kerry, thank you for the reply -- much appreciated!  I checked out the link you sent -- good stuff.

All the best,

 

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 3/12/2006 11:04:00 AM Send this post: