Why should I hire a professional to prepare my taxes?
I can not tell you how many times I have been asked over the years why people should hire a professional to prepare their taxes as opposed to preparing their own return. In my opinion the decision to have a professional prepare your taxes is as big of a no-brainer as there is. This is because of my experience in the income tax industry and the horror stories of self-prepared returns that I have witnessed.
A couple of things I like to ask people is whether they go to a medical professional to diagnose what affects their health or whether they would go to court without an attorney representing them? Personally, I believe in specialization. I want a professional carpenter putting on the addition to my house, an electrician doing the wiring, and a mechanic working on my car. These people do this every day, have the necessary training and know what they are doing. This is why I cannot imagine people attempting to do something they need to do once a year that may have a large financial impact on their lives, like preparing their tax return.
I have witnessed so many cases in which people have either caused an audit because of what they have included on their return or how they have cost themselves thousands of dollars by missing credits or deductions that they were eligible for. I have many clients who at one-time prepared their own returns and would never do it again because they now see the benefits of having a professional tax preparer.
Recent government estimates show it takes taxpayers 28 hours and 30 minutes to complete an average tax return with schedules A and B. Don’t you have better things to do with your valuable time? My clients put all of the information they receive in a folder and bring it to me to complete their tax return. On average my clients come in, meet with me, and have their returns filed electronically in under an hour. Think of what you could do with that extra time.
Another reason to hire a tax professional is that it is practically impossible to keep up with all the tax law changes unless you take the time to attend seminars or subscribe to tax newsletters. At IN MY HOME TAX SERVICE, we subscribe to newsletters, press releases, alert services and we participate in tax forums that keep us abreast of the changing tax laws.
I have been working in the income tax industry for over 43 years. I provide my clients with professional, honest, and straight forward income tax services and unlike other firms, I am available year round to help with all your tax matters.