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Accountant for income taxes?
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<blockquote data-quote="Retired Educator" data-source="post: 245061" data-attributes="member: 3373"><p>I don't itemize anymore so I do sometimes wonder why I pay the accountant for tax prep when it is fairly simple. One reason is that we do have a couple sideline businesses with partners and we are the managing partner. Not huge money but I do like the comfort of knowing the tax prep was done correctly. One thing about an accountant doing your taxes, they will only assume responsibility for the information you give. You misrepresent without their knowledge and they are not responsible. That makes sense to me. It's an expense but it's also simpler for me.</p><p></p><p>If it's just send in your 1099's and either a check or a refund then the postcard or online is very easy as well. If you itemize then make sure you do it correctly.</p></blockquote><p></p>
[QUOTE="Retired Educator, post: 245061, member: 3373"] I don't itemize anymore so I do sometimes wonder why I pay the accountant for tax prep when it is fairly simple. One reason is that we do have a couple sideline businesses with partners and we are the managing partner. Not huge money but I do like the comfort of knowing the tax prep was done correctly. One thing about an accountant doing your taxes, they will only assume responsibility for the information you give. You misrepresent without their knowledge and they are not responsible. That makes sense to me. It's an expense but it's also simpler for me. If it's just send in your 1099's and either a check or a refund then the postcard or online is very easy as well. If you itemize then make sure you do it correctly. [/QUOTE]
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