Pros and Cons: Filing your Own Taxes vs. Hiring a Professional

Pros and Cons: Filing your Own Taxes vs. Hiring a Professional

Turbo Tax and Blocks Online Tax, like any computer software program for doing your taxes, is only as good as the input you provide.  It will not know if you omitted pertinent information, misunderstood a question, or otherwise provided incorrect data.  It will only take and analyze whatever data you provide.

For taxpayers with one or two W-2's, a program like Turbo Tax should suffice.  However, if your tax situation involves any degree of complexity, dependant children qualifying for EIC credit, business or rental income you should consider hiring a professional tax preparer.

You would have an experienced tax professional like Mike McVay, Tax Accountant asking questions as to your life circumstances, trying to find deductions. Some you might know and some you might not know. There are a large number of deductions that people don’t know about. McVay Business will provide a standard guarantee if we make a mistake or the computer makes an error, we will pay penalties and interest. Does Turbo Tax? We have the additional Peace of Mind product, at an extra charge, that will also pay the additional tax. You file a claim with a person, not a computer. I know Turbo Tax has a similar type product, but how do you make a claim? More and more taxpayers are realizing that the I.R.S. is targeting individuals using these online tax programs as they dont have the high quality that comes with a licensed tax professional such as Mike McVay, Tax Accountant. 850-725-5696 - Mike@MikeMcVay.com - www.PensacolaFLTax.com