A lot of people now days think off-the-shelf or online tax software is just as good as seeing a tax professional and saves them money. However, most the time, those assumptions are incorrect. If you are single and have one or two Form W-2s those assumptions may be correct, but even then you might be missing out on valuable deductions and credits. Especially, if your taxes are more complicated by owning multiple homes, being self-employed, paying for child care, or paying for dependent children to go to college you could be missing out on significant tax savings. The Internal Revenue Code (IRC) and tax laws in general in the United States are very complicated and unless preparing taxes is your full-time job, there is an overwhelming amount of things to learn and know about.
There are also other valuable considerations when using a tax professional. As an Enrolled Agent, the owner of Carlsbad Tax & Accounting, Sean, had to pass three rigorous tax law exams, a background check, and a tax compliance check, as well as, complete continuing education every year in order to obtain the Enrolled Agent title and keep it. Therefore, you can be rest assured he is up-to-date on the tax laws and is trustworthy. Also, tax preparation by a tax expert doesn’t always have to cost a fortune. We pride ourselves in quality work, but individual tax preparation rates start at $75. If you didn’t already know this, tax preparation fees are also tax deductible. The following link is a good related article on the National Association of Enrolled Agents (NAEA) website –