Not all CPAs are Tax Experts - Fact

How many times have you been at a cocktail party and someone asks you what your profession is? Now you announce that you are a CPA. What happens next, 15 people come up to you with Tax problems. What makes them think I am a tax expert just because my designation is a CPA? Although I may be well versed in taxes, there are many types of CPAs. There are ones that are in general business, one that work with audit and compliance, some may even work with tax, some who are just general accountants that prepare SEC reports, and here is the best one yet, Some may have been retired for the last 10 years and now use practicing CPAs to do their own Taxes. So next time your at a party and some one announces that they are a CPA, find out what they specialize in. Because Obviously you wouldn't ask a proctologist to check your throat! That is all I have to say on this topic. There will be more to follow.