Reply to Need withholding advice. Should I see an accountant? If so, how much will it cost?

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Reply to "Need withholding advice. Should I see an accountant? If so, how much will it cost?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]turbo tax is good but doesn't get you back as much as a CPA. [/quote]

IME, unless you have a home business, or rental property or some unusual situation, it is highly unlikely that a CPA will get you a larger refund, and it is extremely unlikely that they will get you enough to offset the cost of going to a CPA.[/quote]

A CPA may be able to help with some items that are too complex for the software to explain, for small business, or if you are completely clueless or disinterested (don't want to take the time to go through all the software interviews). A CPA will not necessarily get you more money back, unless he/she is advising you to take expenses/deductions that are too aggressive. A good CPA may be able to help you plan a little bit, but most of that would not be new to a sophisticated professional (401k, SEP, child care FSA, IRAs, strategies depending on marginal rates, etc).

If you do use a more aggressive accountant, remember that it is your return, you are the one that pays if you are caught, not the accountant. As a CPA I spent time at a big four doing returns for high net worth individuals, expecting to see something amazing or clever - you are fine with TT in nearly all situations.[/quote]

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