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Thoughts on Tax Preparation

Discussion in 'Other Off Topic Forum' started by d-kauf, Feb 25, 2011.

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  1. d-kauf

    d-kauf Formula Junior

    Oct 11, 2006
    330
    Scottsdale, AZ
    Full Name:
    David
    #1 d-kauf, Feb 25, 2011
    I've always prepared my own taxes, but I had a lot going on in 2010 so I want to hire a professional to prepare my return this year. What are your thoughts on going with a chain (i.e. HR Block) vs. a more expensive independent shop?

    I don't think my situation is too unique - just some investment K-1s, consulting business income, in addition to standard employment wages.

    Thanks
     
  2. wax

    wax Five Time F1 World Champ
    Lifetime Rossa

    Jul 20, 2003
    52,415
    SFPD
    Full Name:
    Dirty Harry
    #2 wax, Feb 25, 2011
    If you must go with "chain" - Jackson Hewitt.
     
  3. joker57676

    joker57676 Two Time F1 World Champ

    Apr 12, 2005
    23,767
    Sin City
    Full Name:
    Deplorie McDeplorableface
    #3 joker57676, Feb 25, 2011
    Do yourself a favor and hire an accountant with a law degree as well. In my own experience, tax attorneys maximize your return and/or limit your tax liability the most effectively. Personally, I would never go to a large chain company as I feel like the one's that would actually be doing the work are people who I would not want working on my case.

    Mark
     
  4. f1_nix

    f1_nix Formula 3
    Owner Rossa Subscribed

    Aug 12, 2005
    2,184
    Ft. Worth, TX
    #4 f1_nix, Feb 25, 2011
    Find someone who is used to dealing with K-1's and other non-W-2 type income/expense items. Most of the chain places won't be able to handle anything but plain vanilla returns. Don't be penny-wise pound-foolish.
     

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