George Dines
Tax Consultant
By Rodney Wayne Branche
Copa Style Magazine Publisher/CEO
Copa: Where are you from?
George: I am a native of Washington, DC, born at Freedman’s Hospital that was the teaching hospital for Howard University Medical School
George: I am a native of Washington, DC, born at Freedman’s Hospital that was the teaching hospital for Howard University Medical School
Copa: Which schools have you attended?
George: I graduated from Springbrook High School in Silver Spring, MD. I then attended University of Maryland for my BA, Washington University in St. Louis for my MA, Southeastern University in Washington, DC for my MBA. I also hold the Certified Fraud Examiner certification and I am a registered tax preparer with the State of Maryland. I continue to attend educational seminars and training in the tax field as well as speak with groups on tax issues.
George: I graduated from Springbrook High School in Silver Spring, MD. I then attended University of Maryland for my BA, Washington University in St. Louis for my MA, Southeastern University in Washington, DC for my MBA. I also hold the Certified Fraud Examiner certification and I am a registered tax preparer with the State of Maryland. I continue to attend educational seminars and training in the tax field as well as speak with groups on tax issues.
Copa: At what time did you establish your Tax Services business?
George: For a while I had been looking for an additional source of income with a firm that I could work with, and that I trusted and believed in. About 3 years ago I met the gentlemen who own ComproTax, a 35-year-old, African American owned tax preparation business based in Beaumont, Texas. They currently have over 200 affiliates throughout the United States. After talking at length with the founders, I decided to become an affiliate and I believe it is one of the best decisions I have ever made.
George: For a while I had been looking for an additional source of income with a firm that I could work with, and that I trusted and believed in. About 3 years ago I met the gentlemen who own ComproTax, a 35-year-old, African American owned tax preparation business based in Beaumont, Texas. They currently have over 200 affiliates throughout the United States. After talking at length with the founders, I decided to become an affiliate and I believe it is one of the best decisions I have ever made.
Copa: At what time did you establish your Tax Services business?
George: For a while I had been looking for an additional source of income with a firm that I could work with, and that I trusted and believed in. About 3 years ago I met the gentlemen who own ComproTax, a 35-year-old, African American owned tax preparation business based in Beaumont, Texas. They currently have over 200 affiliates throughout the United States. After talking at length with the founders, I decided to become an affiliate and I believe it is one of the best decisions I have ever made.
George: For a while I had been looking for an additional source of income with a firm that I could work with, and that I trusted and believed in. About 3 years ago I met the gentlemen who own ComproTax, a 35-year-old, African American owned tax preparation business based in Beaumont, Texas. They currently have over 200 affiliates throughout the United States. After talking at length with the founders, I decided to become an affiliate and I believe it is one of the best decisions I have ever made.
Copa: In your opinion, why is it so important that everyone should use a Tax Advisor?
George: In your opinion, why is it so important that everyone should use a Tax Advisor?
Tax advisors are necessary now because of the increasingly complicated tax code and due to the recently passed Tax Cut and Jobs Act of 2017. There are completely new requirements as well as benefits introduced where tax payers need to work hand in hand with an advisorto receive the best advice and potential outcome. You also need an advisor to call before you start a business or engage in any activity that has potential tax consequences. The key is to use an advisor as a coach to get out in front of issues before tax time comes around and you find out the hard way that you made the wrong choice.
George: In your opinion, why is it so important that everyone should use a Tax Advisor?
Tax advisors are necessary now because of the increasingly complicated tax code and due to the recently passed Tax Cut and Jobs Act of 2017. There are completely new requirements as well as benefits introduced where tax payers need to work hand in hand with an advisorto receive the best advice and potential outcome. You also need an advisor to call before you start a business or engage in any activity that has potential tax consequences. The key is to use an advisor as a coach to get out in front of issues before tax time comes around and you find out the hard way that you made the wrong choice.
Copa: What is the number one mistake that individuals make every year in filing their tax returns?
George: The number one mistake is trying to do it themselves. This is not the year to try and do it yourself. The tax system is just too complex. Every time I have worked with a client who was trying to do it themselves, they left money on the table.
George: The number one mistake is trying to do it themselves. This is not the year to try and do it yourself. The tax system is just too complex. Every time I have worked with a client who was trying to do it themselves, they left money on the table.
Copa: Would it be an advantage for married couples to file together? If so why?
George: It depends. I could not answer that question until I sat with the couple and understood their income levels, plans for the future, how many kids do they have or expect to have, and many other variables. What we also do is do prepare the taxes both ways to figure out which is the most advantageous for the family. One of the major issues impacting this decision is where one spouse have significantly more income than the other.
George: It depends. I could not answer that question until I sat with the couple and understood their income levels, plans for the future, how many kids do they have or expect to have, and many other variables. What we also do is do prepare the taxes both ways to figure out which is the most advantageous for the family. One of the major issues impacting this decision is where one spouse have significantly more income than the other.
Copa: If one has not filed for their Tax Return in more than five years, what would you advise them to do?
George: If one has not filed for their Tax Return in more than five years, what would you advise them to do?
Call me immediately. We will work to minimize your tax liability to the best extent possible. If someone has not filed for five years, it is just a matter of time before a lien will be filed andbank accounts seized. In addition, your financial options are limited. You cannot purchase a house because you need at least 2 years of tax returns to receive financing. You could have problems with employment due the fact that unpaid taxes are seen as a major indicator of fraud risk.
George: If one has not filed for their Tax Return in more than five years, what would you advise them to do?
Call me immediately. We will work to minimize your tax liability to the best extent possible. If someone has not filed for five years, it is just a matter of time before a lien will be filed andbank accounts seized. In addition, your financial options are limited. You cannot purchase a house because you need at least 2 years of tax returns to receive financing. You could have problems with employment due the fact that unpaid taxes are seen as a major indicator of fraud risk.
Copa: If one has not filed for their Tax Return in more than five years, what would you advise them to do?
Call me immediately. We will work to minimize your tax liability to the best extent possible. If someone has not filed for five years, it is just a matter of time before a lien will be filed andbank accounts seized. In addition, your financial options are limited. You cannot purchase a house because you need at least 2 years of tax returns to receive financing. You could have problems with employment due the fact that unpaid taxes are seen as a major indicator of fraud risk.
George: Call me immediately. We will work to minimize your tax liability to the best extent possible. If someone has not filed for five years, it is just a matter of time before a lien will be filed andbank accounts seized. In addition, your financial options are limited. You cannot purchase a house because you need at least 2 years of tax returns to receive financing. You could have problems with employment due the fact that unpaid taxes are seen as a major indicator of fraud risk.
Call me immediately. We will work to minimize your tax liability to the best extent possible. If someone has not filed for five years, it is just a matter of time before a lien will be filed andbank accounts seized. In addition, your financial options are limited. You cannot purchase a house because you need at least 2 years of tax returns to receive financing. You could have problems with employment due the fact that unpaid taxes are seen as a major indicator of fraud risk.
George: Call me immediately. We will work to minimize your tax liability to the best extent possible. If someone has not filed for five years, it is just a matter of time before a lien will be filed andbank accounts seized. In addition, your financial options are limited. You cannot purchase a house because you need at least 2 years of tax returns to receive financing. You could have problems with employment due the fact that unpaid taxes are seen as a major indicator of fraud risk.
Copa: What's the main benefit to itemizing?
George: Itemizing decreases the amount of taxable income. Note that the amount itemized must be higher than the Standard Deduction. However, the new Tax Cuts and Jobs Act of 2017 has thrown a hitch into itemizing. By increasing the standard deduction for single, married and head of household taxpayers to $12,000.00, $24,000.00 and $18,000 respectively, the number of taxpayers that will be able to itemize deductions will decline significantly. This is also why you should have a Tax Advisor/Coach, so you can plan for this change.
George: Itemizing decreases the amount of taxable income. Note that the amount itemized must be higher than the Standard Deduction. However, the new Tax Cuts and Jobs Act of 2017 has thrown a hitch into itemizing. By increasing the standard deduction for single, married and head of household taxpayers to $12,000.00, $24,000.00 and $18,000 respectively, the number of taxpayers that will be able to itemize deductions will decline significantly. This is also why you should have a Tax Advisor/Coach, so you can plan for this change.
Copa: How can you be reached for your consultation?
George: or members of my team can be reached at 301-842-4233 or [email protected]. You can go to our website www.comprotaxofwashingtondc.com , click the CONTACT US tab and register to receive our monthly tax newsletter.
George: or members of my team can be reached at 301-842-4233 or [email protected]. You can go to our website www.comprotaxofwashingtondc.com , click the CONTACT US tab and register to receive our monthly tax newsletter.
~Copa