11 situations in which you probably shouldn’t do your own taxes (U.S.)

Slide 1 of 12: There's no question that doing taxes yourself can save money. A 2016-2017 survey by the National Society of Accountants said tax pros charged an average of $273 to prepare a Form 1040, Schedule A, and a state return. That's no small chunk of change, especially when it’s so cheap (or for some filers, free) to use a guided tax-preparation program online. Unfortunately, going it alone can be extremely costly in the long run if it leads to avoidable errors or omissions that leave money on the table or pique the interest of the Internal Revenue Service. Read on for 11 potentially tricky situations where using a tax pro might make sense.

It’s beginning to look like tax time every where you go….Sorry U.S. residents, soon it will be Chris…, oops, tax time.  The question for you is who will do them, you or an expert.  How complicated are your finances ? Check out this article to help you decide.  Truth be told, it’s sponsored by a tax software company. I use it yearly, but am not a spokesman.

https://www.msn.com/en-us/money/taxes/11-situations-in-which-you-probably-shouldnt-do-your-own-taxes/ss-BBRwJgV?ocid=spartandhp

Author: Dennis Hickey

There are no limits to success to those who never stop learning. I want to help you succeed by sharing what I have learned about life skills. Knowing these skills can nourish your personal growth. I hope you enjoy this blog, and visit often so you keep learning too!

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