The profit motive is an economic
concept which posits that the ultimate goal of a business is to make
money. Stated differently, the reason for a business’s existence is to
turn a profit. The profit motive functions on the rational choice theory,
or the theory that Phil Hodgen tend to pursue what is in his own best
interest. Accordingly, businesses seek to benefit themselves and/or
their owners by maximizing profits.
"You get what you pay for" is a well known phrase but readers of my blog know how much I despise the "liberal" overbilling practice by tax lawyers, CPAs,CFAs or financial planers.
In general I do like reading Phil Hodgen`s blog and his offer aka. webinar for people who are thinking of renouncing their U.S. citizenship as a noncovered expatriate is in principal a good idea but please take a look at the price tag...........
$1000 pre-paid for a 2 session event of 90min each with "limited attendance of 10 people". That would be over $333/hour (+11% price increase over the last webinar) but keep in mind shared with 9 other people ! Phils payday is a cool $10,000 for a total of 3hours (plus a little bit of bonus extra time) .
I can understand for "covered expatriates" to seek "professional" help or guidance but for noncovered expatriates this is certainly not necessary for the average taxpayer.
If you are still feeling lucky and would like to sign up for Phils webinar - follow the link :
https://www.eventbrite.com/e/webinar-for-noncovered-expatriates-how-to-do-it-tickets-13760356597
For the most effective use of this blog and the links, readers must have the background and skills to test the information by further research and analysis before reaching any conclusion as to its usefulness and correctness in actual situations. Legal advice is always individual, considering the unique facts and circumstances of each client and shaping legal advice and strategies for the particular client. That simply cannot happen on this blog.
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