Sunday, March 22, 2009

Tax Season...HELP!




On April 15th everyone is expected to have filed their tax returns.
But what is the best way to file your taxes? Should you hire a trained accountant or try to save a few dollars and do it yourself?

To help get a better understanding I went over my taxes several times this year to find out which way is best.

I've been filing my taxes for years now, but this is my first time to file not as a student or have my parents claim me.

My first stop was H&R Block where Larry Carpenter looked over my paper work and did a run through on my taxes.

When he was through, Carpenter said I owed the IRS money!

After hearing that dreaded news, Carpenter and I talked some more, and he showed me why I owe the money and how I can avoid it in the future.

I decide to do my taxes again, but this time I turned to Turbo Tax.com.

This time around, I was responsible for filling out all the numbers, so I triple checked the numbers, just in case.

I was NOT an accounting major in college, and a couple of times I got lost in the paper work.

In the end, Turbo Tax came out with the same number as H&R Block, only H&R Block said I owed money and Turbo Tax said the IRS owed me!

Whether you file your taxes through a trained accountant or you attempt to do them yourself, in the end it really comes down to how comfortable you feel.

As for me, I need a 3rd opinion.

In case you are wondering about the cost difference.

You can get a simple version of Turbo Tax at Turbo Tax.com for free or pay up to a hundred dollars for software customized to fit your needs.

A visit to H&R Block will cost you around $100 or more.
Till next time-Courtnee

1 comment:

  1. Good luck. You better just pay the tax man!

    ReplyDelete