Seven Tax Pitfalls Advisors Should Avoid

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Some financial advisors may be tempted to wash their hands of taxes and leave them to the accountants. But that approach doesn’t ensure the best outcome for their clients. Great financial advisors know that there is still work to be done before it is left behind. And that work is around taxes.

Every financial decision has a tax implication, and sufficient planning is not done until the taxes have been considered and reported correctly to the IRS. With that said, here are seven pitfalls financial advisors can avoid as they work their way through the tax-filing season.