I had the opportunity to interview Jeff Schnepper, MSN’s tax expert, for LifeHack last week. My write up covers what Jeff told me about tax misconceptions and reducing tax worries:
The most common misconception people have about taxes is that everybody else is cheating and getting away with something….giving them the “right” to fudge. Cheating is wrong and I’ve found that the taxpayers I work with understand, and want to do the right thing. The problem is that the law changes every year, and sometimes three and four times in a single year. The professionals are overwhelmed and the average taxpayer completely lost. It’s not that people are cheating – they’re making errors because they don’t know the rules.
Jeff writes for money.msn.com regularly. He’s also the author of How to Pay Zero Taxes 2009