Need your taxes done? Correctly and quickly?

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Originally Posted by Mustang

OK, bump for tax year 2018! A fair amount of tax law changes this year.

If any of you get a friend/relative/coworker outside of NESR to use my services as a new client this year, I'll give you a $25 credit (or refund) on your 2018 tax prep!

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PM incoming


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Bump

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Originally Posted by Mustang

Bump

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Cost for S-Corp? No Business income only expenses this year.

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Originally Posted by cdseven95

Cost for S-Corp? No Business income only expenses this year.

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Unfortunately, I don't prepare S Corp returns anymore - only individuals and sole proprietorships.

OK, bump for tax year 2020! As in prior years, if any of you get a friend/relative/coworker outside of NESR to use my services as a new client this year, I'll give you a $25 credit (or refund) on your 2020 tax prep!

OK, bump again for tax year 2021! As in prior years, if any of you get a friend/relative/coworker outside of NESR to use my services as a new client this year, I'll give you a $25 credit (or refund) on your 2021 tax prep!

What if you want your taxes done incorrectly? Asking for a friend. :naughty

Sell me on you vs Turbotax Home and Small Business

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Originally Posted by PurplePackage

Sell me on you vs Turbotax Home and Small Business

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I'll do that, as CPA's are notorious bad at selling.

Both my wife and I are CPA's, neither of us are tax experts. She does our return and a number of family returns through turbo tax.

However, if some complexity begins to develop, she's quick to recommend greater expertise.

The advantage of a live, local CPA is exactly that, live and local. Anyone who is working on wealth building over the long term needs:

an independent investment advisor not on commission or AUM fees
a cpa
estate / gift tax expertise

these don't have to be 3 separate people, but it's probably at least 2.

These are investments in relationships and advice, not expenses for the "tangible" service.

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Originally Posted by Mustang

OK, bump again for tax year 2021! As in prior years, if any of you get a friend/relative/coworker outside of NESR to use my services as a new client this year, I'll give you a $25 credit (or refund) on your 2021 tax prep!

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That credit should be adjusted for market conditions! :spit:

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Originally Posted by PurplePackage

Sell me on you vs Turbotax Home and Small Business

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SteveM answered it well, and I'll add my two cents anyway:

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Originally Posted by Mustang

If you're an EZ filer, it honestly wouldn't make much sense for you to have your taxes prepared by a CPA if you'd rather use some software. However, "you" could always make a mistake when answering the questions the tax software asks (or just skip it because you don't understand it), and/or fatfinger a key, and/or miss a deduction/credit because the software didn't ask you the question. Having a CPA prepare even your simple return brings actual logic (vs. programmed logic) into the equation. As lives get more complicated and returns get more complex, it makes more sense for many people (who don't otherwise have the time, patience, or desire to fully understand the tax regulations) to have a CPA prepare their returns to ensure the lowest tax burden possible.

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Additionally, while TurboTax, etc, usually have a call center you can use if you have questions, or an H&R Block office you can visit, the person helping you is frequently just a person trained in using that software; not one trained in preparing tax returns.

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Originally Posted by Mustang

SteveM answered it well, and I'll add my two cents anyway:

Additionally, while TurboTax, etc, usually have a call center you can use if you have questions, or an H&R Block office you can visit, the person helping you is frequently just a person trained in using that software; not one trained in preparing tax returns.

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Good tax guys are priceless, when I was a CPA audit manager, I developed a VERY effective way of increasing my tax competency, ALWAYS buy a couple of rounds for the tax department.