Taxes – Do It Yourself or Hire a Professional?

It’s that time of year again, by now you should have received all of your W-2’s, 1099’s, and perhaps all manner of other letter-number combination of forms related to taxes. A question I often get, is “Should I hire a professional, or is TurboTax fine?”.

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Time to Think About Taxes

As 2012 has ended, you can now figure out what your tax situation is going to be. If you are like many Americans, and get a fixed salary, and don’t itemize deductions, your taxes are usually going to be pretty straight forward.

While you are waiting for your W-2 to arrive (it legally has to be sent out in January), you can take your last pay stub of December and figure out a rough idea of whether you’ll be getting a refund or owing taxes. Your last pay stub should have everything you’ll need, including gross income, taxes withheld for the year, etc

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HOW IT WORKS
HOW IT WORKS