What kind of advisor?

[homebound]

Based on the responses I've gotten to my mortgage questions, I'm realizing that I'm getting in over my head. I'd appreciate some advice on what kind of professional advisor I should be seeking. I have two jobs, one is a professional practice and is operated as a private business. Depending on how the practice does, my annual income will be anywhere from 20 to 100% more than my base salary (changing my tax burden considerably). I plan to buy a house within the next year and was originally posting to learn more about mortgages. However, it sounds like one consideration regarding how much I borrow relates to tax benefits/bracket consideration. I know nothing about tax deductions for business expenses, home ownership, etc. Based on responses I've gotten to previous posts, my retirement plan seems to be reasonable...but these other issues are really over my head.

What kind of consultant should I be seeking (accountant, lawyer, financial advisor-all of the above)? Any suggestions on the best way to choose the right person/company?

Thanks!!

[disneysteve]

If your questions mainly concern your tax situation, I would think a tax accountant would be an appropriate person to speak with. He/she should be familiar with tax code and how your income will affect which deductions you are eligible for and other such topics.

[tripods68]

You need to talk to qualified CPA.

[jIM_Ohio]

Who does your taxes? Start there. I know of some business deductions through dealing with turbo tax questions.

Generally speaking you want to maximize deductions for the years in which you make the large bonuses.

[homebound]

Originally Posted by jIM_Ohio

Who does your taxes? Start there. I know of some business deductions through dealing with turbo tax questions.

Generally speaking you want to maximize deductions for the years in which you make the large bonuses.

I've used Turbotax for the last four or five years. I've been in some kind of training (fellowship, postdoc) up until a year ago so my taxes were easy. All of my income was accounted for by one or two sources that took out taxes. Now, I'm looking at buying real estate, have multiple sources of income (several where I'm paid in full by individuals/institutions), and my income will be much higher than my student days. And, I've never paid attention to money issues in the past. I've just lived as cheaply as possible, avoided accruing any debt, and planned to worry about it someday--which unfortunately seems to be today.