A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Do taxes yourself? - Wondering

Posted: Jan 26, 2011

I would like input on whether you do your taxes yourself or take them to a professional? I had a local accounting firm do mine for a few years and now they are just H&R Block and the rate I pay keeps going up. I have looked at a few do your taxes online yourself and H&R seems to be reasonable online (half of what the place charges). Who does their taxes themselves and what is your experience with it? Thanks for any help or advice you can give.

Pro. As IC take many deductions & dont want to miss any & - and if problems, IRS calls pro. nm

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Did taxes myself - locust55

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I had an accountant do my taxes once, and then after that did them myself, filling in the same blanks that he did. Never had any trouble. Just used the same categories and filled in the blanks with current year's numbers. Saved a lot.

Turbotax.com - mt

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I use Turbotax online. Works great. Easy to use. Just answer the questions. It finds all possible deductions for you. Even takes into account special situations. Just did mine last night and expect refund direct deposited into my account on Friday, February 4. Each year it fills in all the numbers from the last year, too, so saves a lot of looking things up. Costed a total of $70 for both federal and state. I've been using Turbotax for years.

turbotax home and business - for years

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no turbotax...cpa - yeehaw

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In 2008, did turbo tax. This fall, i got an IRS notice something was configured incorrectly/possible audit....had to submit documents to clarify. Then, tax year 2009, i once again attempted turbo. Did all the deductions and they had me owing money!!! (alot). Freaking out, I took the info back to my old CPA (like i had in all previous years except 2008). Came back with a nice refund and support of my CPA concerning turbo tax problem that he hadn't even filed. Oh yes i had paid the extra $$ to turbo for legal support if i was audited. But when I called it, i could not get through to a human being or even to voice mail. So, lesson learned....find a good CPA or accountant that you can use year after year, ask around. Worth the $$ to pay an individual rather than turbo or other no-name tax filer with a company.

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