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Reply to "How much does your accountant charge for taxes?"
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[quote=Anonymous]FIL used to pay $1500 to an accountant for filling out a pretty basic tax return (regular W-2 wages, mortgage interest, etc.). I have used Turbotax to do his tax return ever since - $70 and about 20 minutes of my time. I have also done my parents taxes with Turbotax. Rental properties, carry forward losses, 1031 exchanges, etc. are no big deal with the software. They used to pay ~$500, but only because they had a longstanding relationship with their accountant. It took over after the accountant retired and they found out that the going rate for their type of return was closer to 2k. FYI -- as long as you aren't a professional tax preparer, you can use Turbotax to generate up to 5 separate returns.[/quote]
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