I am completely sick of advertisements that say "please consult your tax advisor".
First of all, these companies are just making this disclaimer so they can say anything they want in their marketing campaign. "HOME EQUITY LOANS - FULLY DEDUCTIBLE" (to determine deduction eligibility, please consult your tax advisor)
Newsflash: We are normal people! We are not rich marketing executives. I do not have a team of advisors. The only advisor in my house advises me twice a week to take out the trash. I have never had a tax advisor. And if I did, he'd charge me an arm and a leg to find out that your scheme is not tax deductible because I am not blind and disabled. I don't even know anyone who has a tax advisor. (The guy at the mall who, once a year, charges you $150 to punch your W-2 into a computer does not count).
Search for "consult your tax advisor" on the web and you will get 694,000 hits. All of them are people trying to sell something to us that we are not smart enough to understand. I am going to start selling a set of car tires that are guaranteed to last for 300,000 miles. I will include a disclaimer that says "consult your hydrocarbon polymer engineer".
First of all, these companies are just making this disclaimer so they can say anything they want in their marketing campaign. "HOME EQUITY LOANS - FULLY DEDUCTIBLE" (to determine deduction eligibility, please consult your tax advisor)
Newsflash: We are normal people! We are not rich marketing executives. I do not have a team of advisors. The only advisor in my house advises me twice a week to take out the trash. I have never had a tax advisor. And if I did, he'd charge me an arm and a leg to find out that your scheme is not tax deductible because I am not blind and disabled. I don't even know anyone who has a tax advisor. (The guy at the mall who, once a year, charges you $150 to punch your W-2 into a computer does not count).
Search for "consult your tax advisor" on the web and you will get 694,000 hits. All of them are people trying to sell something to us that we are not smart enough to understand. I am going to start selling a set of car tires that are guaranteed to last for 300,000 miles. I will include a disclaimer that says "consult your hydrocarbon polymer engineer".
BrianM
MikeB
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