Benefits of Using a Paid Preparer
With so many do-it-yourself tax programs available for sale, it is a legitimate question to ask why you should hire a paid preparer when you can create and file a tax return on a home computer.
Keep in mind that entering tax information into a computer program and making adjustments necessary to clear the program’s diagnostic error messages is no substitute for understanding tax law. The Internal Revenue Code and related Treasury Regulations contain over 10,000 pages of complicated provisions. Working with a tax professional who understands how the provisions affect your specific situation and how the rules interact can provide you with the best result on your tax return. Obtaining tax benefits is often a complex process involving properly executed and timely-filed elections. Simply entering amounts into an input program may lead to lost benefits. We find that in many cases we save new clients more than the cost of our services compared to returns they have prepared themselves. Proper reporting and filing can also help keep you off the IRS radar.
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