Does it really make your refund higher if i use a tax preparer or if I do it myself on my computer?

Answer 1

Most simplistic returns turn out the same way if an individual does them or a preparer. HOWEVER it is wise to be extremely careful in choosing your preparer. Often times large chains hire for the flood of returns that come in and do not have individuals that know key "exceptions to rules". In tax law about 90% of people meet a general rule but there are always exceptions (which makes it the big headache it is). For example, last week I reviewed a return of an individual that owed $6000 due to the sale of a home. She owned it less than two years and lived in it two years. The big chain completed Schedule D on it and taxed her on $61000. However she was eligible for a reduced capital gains exclusion because of "unforeseen circumstances" therefore she ended up with a $4000 refund. This error would have cost her over $11000 with interest & penalties.

If you have a sale you don't know how to handle, a business (and you aren't familiar with all the deductions), a SEP etc. Some software does not ask enough to maybe help you get your answers. If you go to a preparer, I would recommend someone that is a CPA, an Tax Attorney, or enrolled agent (they all take continuing education to keep their credentials).

If you want to know whether or not your return is suitable for filing on software come tax time, just email me.

Don't forget to check the irs web site to see if you are eligible for free filing. If you can't free electronic filing you can ALWAYS complete a paper return for free.

Answer 2

Previous answers that if you don't have to pay a preparer, you're ahead by their fee are obviously correct.

But if your return is complex, a preparer might know of ways you can legally cut your tax bill that you might miss, so it's possible that could save you more than you'd pay them. If your return is fairly simple, this isn't likely.

Most of the computer programs are easy to use, and pretty much direct you toward tax breaks you might not know about.

Answer 3

If u do it your self u wont have 2 pay the preparer fee or bank fees so yes it would keep u from paying extra if u can file yourself.

Answer 4

we have done it both ways and like someone else said if you do it you don't have to pay the preparer so that gives you more money, but also we have found that it doesn't make any difference at all.

Answer 5

since you don't have to pay the preparer thats more money right there. They charge for so many things if you are able to do it yourself you should. Lots of them are rip offs

Answer 6

tax preparer. belive me.