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Can I complete my tax return without professional help?

asked Sep 22 '11 at 05:10

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TL_Editor
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Taxpayers are not required to seek the assistance of an income tax professional. However, it is recommended that you use an experienced tax preparer when you have a complicated tax situation. Individuals who merely have W-2 earnings can complete their return without much difficulty. When you begin to add on the expenses of home ownership, gains and losses from stock sales, as well as other sources of income, your tax return can become more difficult to prepare on your own. The IRS tax code has countless rules and codes that must be followed. An income tax professional is in the best position to help you and can identify missed credit opportunities.

Sources:
IRS Publication 17
http://www.irs.gov/publications/p17/ch01.html#en_US_2010_publink1000170541
IRS Choosing a Tax Preparer
http://www.irs.gov/individuals/article/0,,id=133088,00.html

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answered Sep 22 '11 at 05:15

TL_Editor's gravatar image

TL_Editor
111635

edited Sep 22 '11 at 05:21

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Asked: Sep 22 '11 at 05:10

Seen: 82 times

Last updated: Sep 22 '11 at 05:21

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