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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I too could afford to hire a CPA to do my taxes, but unlike most members of Congress, I too do my own taxes. I think it is a valuable educational process, and I think it is unfortunate and absurd that we have such a complex tax code that people feel the need to hire a professional someone else to do their taxes. If it wasn't for Turbotax, however, there is no way I today that I would have time to do my own taxes.
If we could just require all members of Congress to do their own taxes (and then audit their returns!), I am certain we'd get a much more simple and fair tax code, but then CPA employment would plummet.
Anyway, thanks for letting us know about the upcoming fix. I usually wait until March or April to do my return as well.
reminds me of the absurdity of I think if Congressmen and more people