And the answer is………………..not everyone! If you have a job where taxes are withheld from your paycheck, if you own your home and have a spouse and kids with some cash invested in the market or any one or two of these situations then you likely do not need to pay an accountant to prepare your income tax returns. Save your money. There is no “value” by way of additional deductions that an accountant can help you with. You are better off to use one of the well respected softwares like Taxcut or Taxpro. These softwares spend millions of dollars perfecting their systems. Just follow the Q&A process and you will get all the deductions to which you are entitled.
If you own a business or rental real estate or are interesting in getting into a business or real estate transactions then I recommend reaching out to an accountant as this is where we can add real value to your tax situation.
Just today, the IRS published a news alert warning the public about tax preparers who are not certified or qualified to prepare and sign your tax return so should you decide to pay someone to work with you on your tax filings, please make sure you know who you are hiring and do your due diligence on their reputation and credentials.
We are taking on tax clients this filing season and would love to help you maximize your income tax deductions. Reach out to us at www.aboutprofit.com.