2007-02-28 06:20:25 · 9 answers · asked by od354 1 in Business & Finance ➔ Taxes ➔ United States
A professional may or may not help you. In some cases, a professional will help you by asking questions to find more deductions and expenses that you may be eligible to add to your tax return.
Other times, they will come up with the same result you did.
2007-02-28 06:25:25 · answer #1 · answered by R Worth 4 · 1⤊ 0⤋
It is possible that a CPA or a Tax Pro may be aware of deduction or two that you missed.
If the results are the same, you have the peace of mind to know that even if your not happy with your taxes at least they are right.
In the event that you missed something the additional savings could far out-strip the cost
2007-02-28 14:33:07 · answer #2 · answered by Rick F 2 · 0⤊ 0⤋
Depends. If you have a straight forward return with a W2 and maybe itemized deductions you can do it yourself and get it right. If you have a highly complex return with lots of investments, stock transactions, rela estate sales, etc. it would be worth engaging a CPA.
2007-02-28 14:27:54 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Try tax act.com. I liked my results. You can do your federal tax on there for free. I've used them for 3 years now. Why pay someone to do it? I don't think it's worth it at all.
2007-02-28 14:28:35 · answer #4 · answered by Anonymous · 0⤊ 2⤋
Maybe, but if you understand what you're doing and your return is not very complex, then it's unlikely to change anything much by having a professional do them.
2007-02-28 14:36:18 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
EMPHATICALLY YES! I never have been able to find all the deductions my CPA is able to come up with.
They are aware of all of the current tax laws and available deductions, and can get you more money back, or help you to owe less.
2007-02-28 14:28:44 · answer #6 · answered by ♥♥♥ Mommy to Two ♥♥♥ 5 · 0⤊ 1⤋
yes, worth it. because you dont know what you dont know.
try to find an accountant who does taxes on the side,
like me. ask your friends, neighbors and coworkers where they go. I have built up a nice small practice of tax clients that way,
and I dont charge an arm and a leg.
2007-02-28 15:19:52 · answer #7 · answered by RichManPoorMan 2 · 0⤊ 2⤋
Depends on how much you made last year and how much they'll charge you for their services. Spend the extra money to hire a CPA instead of a standard accountant. You'll save money by investing that little extra.
2007-02-28 14:25:43 · answer #8 · answered by Just Chillin 1 · 0⤊ 2⤋
It would smell like bull #&$*.
2007-02-28 14:27:15 · answer #9 · answered by Canadian Time Traveler 3 · 0⤊ 3⤋