bearkeley
Recycles dryer sheets
- Joined
- Aug 20, 2005
- Messages
- 302
Hi - I have been doing our own taxes on turbotax and have been very happy, but I continue to wonder if hiring a CPA would be worth it. I know that most of you do your own investing instead of using an advisor, and given the posts, many use turbotax or taxcut, so I wondered if you see the benefit of a CPA - at least in the beginning to get you started
Oddly enough, I actually work for a very good CPA firm, but their area of expertise are in businesses and the super rich, so aside from referring me to smaller CPA firms, and helping me research answers to questions I pose that turbotax wasn't able to answer (ie., exemptions for newlyweds who do a primary home sale on 2 properties in less than 3 years, etc). Oh - just to clarify - I'm not an accountant in the CPA firm, but I am the HR person (guess what interview questions I use this time of year!) :
We had a very complicated tax year in 2004 (3 home purchases, 1 sale, 4 schedule Es) and did fine on turbotax...but I wonder if we would have been better off with a CPA...
Oddly enough, I actually work for a very good CPA firm, but their area of expertise are in businesses and the super rich, so aside from referring me to smaller CPA firms, and helping me research answers to questions I pose that turbotax wasn't able to answer (ie., exemptions for newlyweds who do a primary home sale on 2 properties in less than 3 years, etc). Oh - just to clarify - I'm not an accountant in the CPA firm, but I am the HR person (guess what interview questions I use this time of year!) :
We had a very complicated tax year in 2004 (3 home purchases, 1 sale, 4 schedule Es) and did fine on turbotax...but I wonder if we would have been better off with a CPA...