i pay an accountant about 125 bucks a year (i file in 2 states)...if i go with turbotax, than i am still paying like 75 bucks. what is the point? he is just filling in blanks looking at my W2 and such...right????
2006-12-12 03:42:38 · 18 answers · asked by skyth 2 in Business & Finance ➔ Taxes ➔ United States
Multiple states are a bit tricky. Every self-prepared return that I have seen that deals with multiple states has been wrong. The federal return was fine but they messed up the states.
$125 for the federal and two states is a pretty good price in my opinion.
2006-12-12 03:47:52 · answer #1 · answered by Wayne Z 7 · 3⤊ 0⤋
If all you are getting for $125 is fill in the blanks go some where else or use turbo tax. If a preparer isn't asking questions and making suggestions then they are not worth continuing using.
2006-12-12 12:30:38 · answer #2 · answered by waggy_33 6 · 1⤊ 0⤋
If you are paying $75 for Turbo Tax you are getting a bad deal. Wait until right after the first of the year and catch a deal. Turbo Tax is very very easy. Hey you can eat out for $50.
2006-12-12 11:45:47 · answer #3 · answered by kramerdnewf 6 · 2⤊ 0⤋
Multiple state returns can get very complex. Some states allow for a credit for taxes paid to other states.
$125 is a very fair price. If you feel you are not getting enough service, start asking him questions on how you can save money at tax time. That will usually get them talking!
2006-12-15 22:27:41 · answer #4 · answered by D.M. C 2 · 0⤊ 0⤋
Are you sure he only fills in the blanks? Or does he spend time talking to you each year (at least) so that he can make appropriate suggestions? If he really is doing just that, i suggest going to irs.gov and looking at FreeFile. It won't be free for two states though.
Frankly, two states is best handled by a professional. I think you are getting a great deal at that price. What you are paying for is his knowledge, skill, experience and his up-to-date knowledge of the tax laws for federal and in both states.
I would be inclined to stick with him, unless you are unstisfied with his performance.
2006-12-12 16:29:44 · answer #5 · answered by skip 6 · 0⤊ 0⤋
Yes it's worth it. I have a accountant to do my taxes every year, because I have a business, deductions, and other things. I would rather not have the headache. If you look at it, your only spending $50 bucks for a professional service.
2006-12-12 12:16:44 · answer #6 · answered by Reel Homme 2 · 1⤊ 0⤋
Wayne Z is right.
Multi-state tax returns are not straight forward. It's still easy for practioners given your circumstance, but for $125.........I would take it to a practioner.
You might save $50..........but would you know what you're doing? And $125 for somebody not H&R is a damn good price.
2006-12-12 22:13:30 · answer #7 · answered by Anonymous · 1⤊ 0⤋
It all depends on how envolved your tax filling is. If you are single, no kids, no house, than it really isn't worth having someone else file for you.
If you have a lot of things two file than by all means go ahead.
2006-12-12 11:56:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i go to H&R Block to get mine done and they give you the option of only paying so for standard processing time or 1 week processing time or 2 day processing time and if they mess it up they will pay it instead of having you pay it , it is an option though dont remember the prices for them all it was over a year ago but worth looking into.
2006-12-12 11:52:19 · answer #9 · answered by zombie_002 2 · 0⤊ 0⤋
I do my taxes my self every year and love it. It's super easy and I save a lot of money. I like that I get to keep most of my refund!
2006-12-12 11:52:46 · answer #10 · answered by Anonymous · 0⤊ 0⤋