Re: Getting a Tax Professional
This is a separate post to the one joyfulguy posted on 3/4/08, but his post made me think of it. I didn't want to sidetrack that conversation so I thought I would start a new one.
When does it make sense to hire a tax professional versus me doing own taxes? I currently do my own taxes through H&R Block online. I pay about $40 for federal and state filing. I take as many deductions as I think I can, and I get a decent refund. But as joyfulguy was talking in his post, a tax professional is moderately intimate with your finances and should be able to recommend ways of paying less taxes.
If a tax professional can save you $100, is that a good use, or should you be saving $1000 to make it worth hiring a professional?
I guess it would be helpful if I knew how much a respectable tax professional cost to make a decision.