Title says it all. When tax season comes around, how do you go about filing? Do you fill out your returns by hand, use an online program, go to a tax place, or use a local tax guy/CPA?
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I send all my shit to my CPA and she does it.
My parents followed that strategy for 30 years. They got screwed over when my father's old firm got bought for cash a couple years ago. She never kept track of the cost basis, or told them to, so they had to record a basis of $0, and pay taxes on the whole value of the stock. Let's just say that they aren't using her any more.
So your parents had a bad CPA? What's that got to do with anything?
Beat me to it. Nice work.
Dixon Ticonderoga #2.
I kid, I use Adobe. Seriously, however, if you are single, rent, (buy in NYC,-yeah right) and your state and local taxes("SALT") don't exceed the standard deduction, you can probably just file your own with 15 minutes of work. Back when I was a FP doing WM the simple rule of thumb was that the three big things that caused the non-self-employed to itemize were SALT, mortgage interest, and charitable giving. If you aren't itemizing because of those, then it probably isn't worth it to itemize or hire an accountant unless you have a real odd situation. (I had one of those once. I was a non-resident employee in one state for part of a year, then I was a resident of that state employed in another state for the rest of the year. There were also different reciprocity agreements between the three states. Needless to say, that year I paid somebody for the state stuff, even though I could have done my one 1040 in 10 minutes)
My CPA.
Turbo tax
My agent
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