December 15th, 2010

Are you chasing pennies while walking over dollars? CPA’s have traditionally been very expensive and therefore many people either engage the services of a national tax chain or utilize tax software to prepare the tax returns themselves or maybe have their aunt or neighbor prepare the tax return.

Regarding the national tax chains, the Better Business Bureau writes, “A high school degree and a good command of the English language generally are the only prerequisites to be admitted to their courses.” A successful graduate of their six-week course might get a position with the company and may get a chance to prepare your taxes. Many of their employees work part time and may have only a refresher course in December before they prepare tax returns.

Self preparing and/or using a relative to prepare the tax returns in many cases may be the best way to go for those with basic tax returns. It’s cost effective and gives people the chance to glance at their financial situation. However, unless fully informed of all the tax rules and regulations as it relates to dependents, deductions, and credits, they may be inadvertently giving money away. Laws are constantly changing as it relates to education, energy efficient property, capital gains, etc. These areas offer potential and in many cases substantial tax planning and saving opportunities. Unfortunately, the tax software typically doesn’t bring the opportunities to your attention. Many taxpayers consistently miss out on these tax saving opportunities by purchasing the $70.00 software instead of engaging a professional.

 

The ZOOMTAX™ Difference

At Zoomtax™, you are going to meet with a professional who has kept up with the tax laws as required in order to maintain their professional license. Our professionals also have valuable tax experience obtained while working at one of the largest professional consulting and accounting services firms in the world as well as the experience of working for the Internal Revenue Service (IRS).  They understand how to work with the IRS to solve your problems. Clients are free to call with questions year round.