Why do I need a tax professional when I can buy tax preparation software?
Tax software producers claim their products can prepare complex returns, but you may want to think twice before relying on software for all your tax and financial guidance. Although software may help you make choices on your tax return that results in the lowest tax this year, you should consider the long-term effect of your choices in order to pay the lowest tax over a number of years.
With a professional tax preparer, you get more than just a tax return. An established relationship with a tax professional who is familiar with your finances, your family, and your goals can prove to be invaluable.
If you prepare your own returns, it’s a good idea to let a professional preparer review your returns at least every three years. That’s because you only have three years to amend a return to change any items of income, deductions, or credits that were reported in error or omitted on your original return.
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