Comments on: Poll: How Do You Prepare Your Taxes?

By: Daddy Paul

Daddy Paul — Fri, 29 Jan 2010 20:16:56 +0000

I have done taxes myself, used turbo tax with it’s endless mindless questions and gone to an CPA. The CPA pays for herself 10 X over. Turbo tax in the past missed so many deductions I would never even consider it again.

By: graphic art

graphic art — Wed, 20 Jan 2010 12:21:05 +0000

Some of the non-refundable credit carry forward into future years. The adoption credit is a good example. It is frequently so big that people don’t benefit from it all in the first year

By: Neal A. Deutsch, CFP

Neal A. Deutsch, CFP — Tue, 19 Jan 2010 17:06:15 +0000

While doing the very basic of tax returns may be easy to do with the computer tax packages- anything out of the ordinary may actually cost you much more by doing your own taxes as opposed to engaging a CPA or EA. A credentialed person attends hours and hours of continuing education to keep up on the latest applications- there has to be a reason. For more on this issue, see http://www.chestnutblog.com/retiment-finance/year-end-business-tax-and-retirement-planning/

By: RC@Thinkyourwaytowealth

RC@Thinkyourwaytowealth — Tue, 19 Jan 2010 00:29:12 +0000

I’ve been using tax prep software for 4 or 5 years now, maybe more, but I expect my return will be more complicated this year than in the past, having earned some side and freelance income. May have to hit up my brother (a CPA) this year for some assistance, but I am going to try to do it myself.

By: Credit Girl

Credit Girl — Mon, 18 Jan 2010 21:58:55 +0000

Because my taxes are pretty simple right now, I only need to use an electronic services. But once it gets complicated, i would probably have to go to a CPA.

By: Tax Guy

Tax Guy — Mon, 18 Jan 2010 21:22:18 +0000

@Tracaitim – I’ve used many retail tax preparation programs and Studio Tax is pretty good.

Being an accountant I prepare my taxes manually and through the software.

By: Marlies

Marlies — Mon, 18 Jan 2010 19:59:45 +0000

I live and own a home in one state in which I also co-own a business but my primary income comes from another state. It would be really expensive to hire an accountant with all those entities so I do them myself. The first couple of years were really stressful and I barely beat the April 15th deadline, but now I have my system and flowchart and it isn’t so painful anymore.

By: Tracaitim

Tracaitim — Mon, 18 Jan 2010 19:25:45 +0000

I’m in Canada and use Studio Tax, the best tax prep software around (and it’s FREE!)

By: JB

JB — Mon, 18 Jan 2010 18:22:40 +0000

My sister is a CPA. She does my taxes and in return I take her out for dinner.

She actually is an accountant for a large company and just does taxes on the side to make a little extra money. Finding someone you work with to do your taxes may save you money if yours are getting to complicated to do on your own.

By: Steve

Steve — Mon, 18 Jan 2010 17:49:12 +0000

I have used TaxAct in the past but most recently have been using TurboTax. I like that my old information is imported each year.