Originally Posted by Texas Proud
I would agree... more people use tax software, go for free tax services or use and H&R Block or other storefront tax prep service than hire an accountant....
But that does not mean there are not a good % of W-2 earners that actually hire an accountant to do their taxes... maybe not do any other accounting for them, but their tax return.... and these people would never use the store front services...
I am an accountant (and used to do taxes a long time ago).... you would be surprised how many people asked if I did tax work... even with tax software there is a slice of the population that just are overwhelmed at the thought of doing their own taxes...
and clearly, we aren't talking about your average W2 wage earner in OP's case. I've used TurboTax for years for my personal taxes, which included a real estate property that I rented out and depreciated.
But when I sold my practice, and my building, I hired a lawyer and an accountant, and made as sure as I could, that everything was done correctly.
I wouldn't know where to start with TurboTax to learn about what my options would be if I were making 200K/ year and was suddenly faced with a change from being a W2 wage earner to something called "non-equity partner"....hell, I'd bet 90% of the tax accountants would have to read up on it, but at least they'd know where to go to research it, and they would understand the jargon.