Affiliate Broker Tennessee (TN PSI) National Practice Exam `

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Study for the Affiliate Broker Tennessee National Exam. Practice with flashcards and multiple choice questions, with hints and explanations. Prepare well for your licensing exam!

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Who should be referred to for specific advice about income taxes?

Real estate agent
Tax professional
Financial advisor
Property manager

The correct answer is: Tax professional

The best choice for specific advice about income taxes is a tax professional. Tax professionals, such as certified public accountants (CPAs) or enrolled agents, have specialized training and expertise in tax law, regulations, and filing processes. They possess the knowledge necessary to provide personalized tax advice based on an individual's or a business's unique financial situation. While real estate agents can provide assistance with property transactions and may offer general information on tax implications related to real estate, their expertise does not cover the nuanced details of tax laws. Similarly, financial advisors focus on broader financial planning and investment strategies rather than the specific intricacies of tax obligations. Property managers primarily handle the day-to-day operational management of real estate, and while they may be knowledgeable about certain tax aspects related to property management, they are not typically equipped to give comprehensive tax advice. Thus, consulting a tax professional ensures one receives informed and tailored guidance regarding income taxes, making them the most appropriate choice for this inquiry.