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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 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
97713 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
14348 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 lsunurse
Member since Dec 2005
129037 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 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 SundayFunday
Member since Sep 2011
9308 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
56403 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 ForeverLSU02
Albany
Member since Jun 2007
52157 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
Posted by The Sad Banana
The gate is narrow.
Member since Jul 2008
89498 posts
Posted on 2/5/14 at 9:20 am to
My cousin is a CPA so I send them to her.
Posted by Nashty
Baton Rouge, LA
Member since Mar 2012
3680 posts
Posted on 2/5/14 at 9:20 am to
Do it myself, but I'm still a student and have pretty simple/straight forward jobs...no need for a cpa.
Posted by boom roasted
Member since Sep 2010
28039 posts
Posted on 2/5/14 at 9:21 am to
CPA. Try to pass as little money as possible.
Posted by MrFreakinMiyagi
Reseda
Member since Feb 2007
18965 posts
Posted on 2/5/14 at 9:35 am to
Both my parents are accountants, and still do my taxes.

I'm 35
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 2/5/14 at 9:42 am to
You should bring tax returns for prior years (preferably 3 years) with you when meeting a CPA for the first time together with all of the pertinent information for the current year. A good CPA will spend more time with you trying to learn the relevant facts and circumstances (personal details) necessary to prepare your return than the time he will spend actually preparing your returns. If you plan on hiring a CPA for more than just your current return, then you should hire one you are comfortable with on an individual level since you will be sharing intimate information with the CPA over the years. So you might want to consider meeting more than one CPA before deciding who to hire.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 2/5/14 at 9:44 am to
I bet the money board would be a much better place for this question, since it's there and all
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