When my daughter and her husband were first married he had a friend who had a friend who graduated from the Wharton School of business. This friend said that everyone he knew used this guy to do their taxes because he always got them huge refunds.
They were married in 2005, to give you a timeframe, and probably my best guess they would’ve been making about $100,000 a year combined. My daughter had over $50,000 in student loans and of course money is always tight when you’re first married.They bought a house too , right at the beginning of the recession. These were their only write offs.
So, when my son in law heard of this really smart guy from UPenn, he gladly gave him $500 to do their taxes that year.
They were thrilled beyond belief when they got back an over $10,000 refund. My husband immediately knew that something was wrong, but they just kept saying, no this guy knew all the tricks, he was just so smart he knew how to get every little deduction and everybody used him.
My husband asked to see their tax returns to see what was on there that would’ve caused such a huge refund. I don’t remember what the amount of money was, but there was a huge donation to a charity. The kids spent the next 10 years hoping that they wouldn’t be audited. They never used anyone again after that.
|