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

  1. fpherj48 profile image77
    fpherj48posted 6 years ago

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


  2. okaygrace profile image60
    okaygraceposted 6 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

  3. point2make profile image82
    point2makeposted 6 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.

  4. FREEWORKING profile image60
    FREEWORKINGposted 6 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.

  5. moddatatech profile image58
    moddatatechposted 6 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.

  6. katielrose profile image59
    katielroseposted 6 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.

  7. bankscottage profile image95
    bankscottageposted 6 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.