Tax Advice and Preparation
Many investment professionals will state the following:
We do not provide tax, legal, or accounting advice.
This is not MFI's position as nearly every aspect of financial and investment advice has income tax ramifications. All financial planners and investment advisors should be very well versed in tax laws as they apply to individual investors.
Investment management and other financial behavior can affect your income taxes in significant ways. Having an advisor that not only knows the tax laws, but also actually prepares income tax returns is very advantageous.
Tim Murray, CFP® has been an income tax practitioner since 1986 and is an active member of the National Association of Tax Preparers (NATP).