My accountant; He takes care of my taxes

We equate this myth to the equally absurd notion that a doctor takes care of your health. To believe such a notion assumes that you can eat all the cholesterol and fattening foods you want, never exercise, and then once a year have a doctor give you the equivalent of a plumbing job to clean out your clogged arteries. The idea that your accountant can magically clean up your tax life is just as preposterous.

If you don’t know the rules for good “tax health,” you can’t expect your accountant to save you thousands of dollars in taxes at the end of each year. If you believe that your accountant takes care of your taxes, you will pay more to the government than even it requires! Only you can keep your tax bill fully under control. Unless you begin to understand the importance of taking personal responsibility for your own taxes and learn how to take ad­vantage of the good tax laws that are available to you, you will always pay more than is required by law. Excessive taxation is only excessive because you lack the knowledge to fix the problem. Without a system for eliminating unnecessary taxation, you will forever be subject to a powerful force to which you have unknowingly yoked yourself. In fact, the subject of taxation is so important and so misunderstood, that we have devoted the entire second part of this book to tax planning and audit-proofing strategies.

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