Quote:
Originally Posted by Joekerr
Depends on your return. Simple - sure, use it. You probably won't miss much, if anything that a tax accountant would have done.
Once you start getting a little more complex, then you don't know what you are missing. Sure, you can file, but IRS won't come knocking on your door to let you know that you missed claiming a bunch of credits.
That's why a lot of people use an accountant. I tell people with simple returns that they shouldn't bother coming to me, HR Block will do it for half the price and I'm not very interested in simple returns. But I accept anything with a little complexity.
Take this guy who moved from the States - he had previously been doing his own returns. Well, took him having a conversation with someone else about child benefits for him to realize he was missing out on about $10K a year up here. Signed up the next day to make sure his return was being done right.
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My tax return is not simple: have a house, kid, other dependents and multiple W-2's, stocks etc. I go over all the credits but hardly ever have any I can apply. I'm pretty hands on with most things and am anal as well. I still have not found any loopholes or ways to beat the system.