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Tax Prep Gets Pricier

Friday, January 25, 2013 - 12:32 PM
Some taxpayers with simple returns may elect to take advantage of the Free File program for people who meet certain criteria.    However, those with more complicated situations can generally expect to pay more for assistance this year.

From MarketWatch:
Taxpayers overwhelmed with recent tax law changes may be more tempted to have their tax returns handled by a pro this year. But that extra help is likely to come with a higher price tag.

[...] Some people might be able to reduce those costs by taking advantage of promotions or discounts offered by some of the major tax preparation firms.

[...] But taxpayers shouldn’t necessarily chase the cheapest deal, say tax specialists, since sometimes consulting a professional can result in a bigger refund — or smaller tax bill. Instead, consumers should look for preparers who have expertise in the areas where the they have the greatest needs,

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pearlbrownpearlbrown1,491 posts since
Nov 2, 2010
Rep Points: 6,486
1. Sunday, January 27, 2013 - 10:27 PM
Hello all,

   

Taxpayers overwhelmed with recent tax law changes may be more tempted to have their tax returns handled by a pro this year. But that extra help is likely to come with a higher price tag.

The average fee for having an accountant prepare a Form 1040 with a Schedule A for itemized deductions, plus a state tax return, was $246 in 2012, up 6% from 2011, according to survey results released Thursday by the National Society of Accountants.

 

Thanks a lot

Stephen Moore

http://www.freedominsurancefl.com
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StephenMooreStephenMoore5 posts since
Dec 26, 2012
Rep Points: 5
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