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Do your own taxes…or use a CPA?

Posted on 2/5/14 at 9:07 am
Posted by Blondie
In my own little world
Member since Jul 2005
25587 posts
Posted on 2/5/14 at 9:07 am
I have always used Taxact to do my taxes, but I am thinking about getting a CPA this year.Does anyone know any good CPA’s? This seriously stresses me out! I don’t understand half the questions they ask on that damn website!
Posted by CurDog
Member since Jan 2007
28082 posts
Posted on 2/5/14 at 9:07 am to
i have a cpa


quote:

.Does anyone know any good CPA’s?


mine is a guy i graduated with, i could ask him
This post was edited on 2/5/14 at 9:09 am
Posted by djangochained
Gardere
Member since Jul 2013
19054 posts
Posted on 2/5/14 at 9:07 am to
i use my companies CPA
Posted by RolyPoly
Baton Rouge
Member since Jul 2011
78 posts
Posted on 2/5/14 at 9:08 am to
Scott Lemoine
Lemoine & Assoc
225-926-8299
Posted by Radiojones
The Twilight Zone
Member since Feb 2007
10728 posts
Posted on 2/5/14 at 9:08 am to
CPA - my taxes are way too complicated for me to do.
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 2/5/14 at 9:08 am to
A good CPA is worth their weight in gold. I saved more than $4k last year using a CPA vs. Turbo Tax. Plus the peace of mind is invaluable.
Posted by yellowfin
Coastal Bar
Member since May 2006
97615 posts
Posted on 2/5/14 at 9:09 am to
depends on how complex your return is
Posted by skinny domino
sebr
Member since Feb 2007
14329 posts
Posted on 2/5/14 at 9:09 am to
Been using Mary K. Carleton for the last 15yrs - it is a breeze - wife and I are both retired.
This post was edited on 2/5/14 at 9:14 am
Posted by Blondie
In my own little world
Member since Jul 2005
25587 posts
Posted on 2/5/14 at 9:09 am to
How much do they usually charge?
Posted by lsunurse
Member since Dec 2005
128950 posts
Posted on 2/5/14 at 9:10 am to
I guess it depends on your situation.



I used a CPA the year I got a huge bonus from work that wasn't taxed. Didn't want to file wrong.


That was the only year though. Don't own property or a bunch of deductions so using online programs works for me.



But if you have more complex stuff or itemize than maybe a CPA would be better for you.



ETA: Cost me $200 to use a CPA....that's cheap actually from what I've heard
This post was edited on 2/5/14 at 9:11 am
Posted by Titan
Member since Apr 2008
2471 posts
Posted on 2/5/14 at 9:10 am to
TurboTax is pretty mindless
Posted by yellowfin
Coastal Bar
Member since May 2006
97615 posts
Posted on 2/5/14 at 9:11 am to
quote:

A good CPA is worth their weight in gold.


Not if you have a w-2, some mortgage interest, property tax, and donated 3 bags of clothes to goodwill
Posted by Buddy Garrity
Member since Mar 2013
4224 posts
Posted on 2/5/14 at 9:12 am to
i think that would depend on what type of/how many types of income, assets and liabilities you have
Posted by Displaced
Member since Dec 2011
32702 posts
Posted on 2/5/14 at 9:12 am to
quote:

depends on how complex your return is


this, i am not married, do not own a home, do not own my own business, am not a vet, and i do not travel for work.

i do the turbotax simple file and the only two things i fill in are W-2 info and student loan info.
Posted by Blondie
In my own little world
Member since Jul 2005
25587 posts
Posted on 2/5/14 at 9:12 am to
Turbo tax is horrible. Last night I was on Taxact...one min I was rich...then next min I owed a ton back! No clue what the hell I did. So I am calling a CPA. Can I bring old tax returns to see if I did them right? Maybe I can get more money!
Posted by Buddy Garrity
Member since Mar 2013
4224 posts
Posted on 2/5/14 at 9:13 am to
quote:

I saved more than $4k last year using a CPA
damn
Posted by SundayFunday
Member since Sep 2011
9298 posts
Posted on 2/5/14 at 9:14 am to
Mother is a CPA. Brilliant woman when it comes to doing taxes.
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56166 posts
Posted on 2/5/14 at 9:14 am to
I've never done my own. CPA since 17 or 18. I forget. I want no tax worries from the gubment.
Posted by lsunurse
Member since Dec 2005
128950 posts
Posted on 2/5/14 at 9:14 am to
Those online programs are pretty easy though. It literally takes you through every situation and you answer yes or no and fill out numbers where needed.


Posted by ForeverLSU02
Albany
Member since Jun 2007
52147 posts
Posted on 2/5/14 at 9:15 am to
It's worth the $100 my wife and I pay to have a CPA do it
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