Do you do your own Taxes OR have them done? And WHY?

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   fpherj48posted 12 years ago

   Do you do your own Taxes OR have them done? And WHY?
   
   

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   okaygraceposted 12 years ago

   I have done my own taxes for the past 5-6 years ever since I started using the online software from H&R Block. It is much cheaper than having a "professional" do it and I have better control over what I deduct, etc.
   
   I actually just wrote a hub about this a week or two ago if you are interested at: http://okaygrace.hubpages.com/hub/Income-Taxes-and-You

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   point2makeposted 12 years ago

   I do my own taxes every year. On one occasion I took my return to a professional and the experience was not  a good one. A couple of days after dropping off my tax information I returned to review my completed tax return with this "professional" in his office I soon noticed that he had forgotten to apply a "credit" which would in effect reduce my tax bill by $300.   The tax professional looked across his desk at me and said "I guess I missed that one" and proceeded to hand me  a bill for his services.  Ever since that time I have done my own taxes.

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   FREEWORKINGposted 12 years ago

   Doing own tax calculations without consulting with experts may lead to some money problems as well as headache. So it's advisable to consult the experts.

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   moddatatechposted 12 years ago

   I use to do it myself using the software and it was pretty cool, but since I am not an expert, I always felt that I might be missing something. I take mine to a friend, who runs a tax services business and he has been doing it for sometime now. He is certified and goes to all the new classes every year. I think it's easier since I don't have think about it. I just give him my information and i'm done. If I am concerned with something or am curious about certain deductions I ask him about it.

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   katielroseposted 12 years ago

   I do my own taxes. I actually worked as a tax preparer at H&R Block for a year. I didn't keep the job for a few reasons, but they have a really good course and I learned a lot about taxes so I feel comfortable doing my own. But if you don't know what you are doing, paying someone else who does is a better idea. Make sure you go to a good tax prep service though. H&R Block requires regular courses on tax law, there are other places that have a couple of hours on how to use the software and that's it.

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   bankscottageposted 12 years ago

   II do my own and I do others.  I am a partner in 3 national brand tax preparations offices.
   Currently, every paid preparer has to have a PTIN to identify them to the IRS when they file a client's return.  To renew for 2013, every paid preparer will have had to pay for an pass a written exam.  They will also have to take continuing education courses.  This should improve the quality and accuracy of all returns prepared by paid tax preparers.

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