Quote:
Originally Posted by Penguin
For many it is not a matter of cost.
I do my own taxes as (a) I want to know what was done, since I am signing the return and have the legal responsibility, and (b) I can do a better job than most CPA's would do, since I know the records and I have the motivation... sorta like why I do my own auto repairs when possible, rather than depending upon a dealer or mechanic. Frankly I could never fathom why anyone would hire a CPA to do their taxes and put their financial fate with the IRS into the hands of a complete stranger.
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If you're well-versed in tax laws and regulations, then of course it's better to do it yourself. But, for most ppl out there, they do it themselves because they don't want to pay a CPA.