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| *The Commerce Journal>>>United States Taxes |
Do you prefer software for tax filing or taking it to someone to do it for you? |
I'm only 26 so I've only used paper returns since my returns were so easy the first 8 years of filing. However, since getting married and buying a house, I've had to use software to help with my return and have never had anyone else do my taxes. Has anyone switched from one to the other and noticed a significant change in how well the taxes were done? I'm curious if an accountant would find more deductions (or less) than my software. Thanks. Well you doing the right thing. Doing your own is the way to go. But like you said getting married and buying a house there a lot more things you and software can miss. You can always go to H&R Block and see what they come up with... Just tell them you don't think that is good and you want to go somewhere else. You dont have to pay them if they dont file them for you! If you own a fairly complicated business, a CPA might or might not find a number of additional deductions. But if you just are married and have a house, software should do the same job as a CPA and cost less I have done tax preparation for 36 years, have two college degrees, plus college computer courses; and, before each tax season I read, study and take tests for three months. For a standard W-2 return I fill out and electronically file a federal and state return for a flat $45.00; using a program that is updated daily as to any IRS changes or modifications. The trouble with off the shelf tax programs is that unless there is an update feature built into them what you are using may be out of date. I use TurboTax because if I were to take my taxes to anyone, I have to haul all the junk there anyway. Given that absolutely not one person on the face of the earth understands the tax code (no one has even read it all), I trust the tax software to be sufficiently decent. I don't have anything magical going on. If I were filthy rich, I'd have tax lawyers to find loopholes and such, but there can NOT be that much difference between MY understanding of the question the program asks and that of a CPA or such out there. It's gibberish to us both, I just know it's gibberish. And it is--pretty much each year various money publications and such take the SAME DATA to a bunch of CPAs, etc. and have them do the mythical return. They all end up with different answers, so my point has been validated repeatedly over time: no one can be sure. It's also proven repeatedly that call the IRS and get the wrong answer 25% or more of the time--which is why THEY refuse ALL responsibility for ANYTHING they tell you. The average seasonal tax preparer is going to go through a series of questions with you about income, expenses, rental expenses and such in a single interview with you to get your tax forms done. You are going to have to know the information in order for him to claim it, (you paid $22.30 to advertise your rental condo for example) to give it to him. And to know you bought a replacement washer and dryer combo for the rental property... |
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