Quote:
Originally Posted by z2g
Yes, but a CPA understands the tax laws. ...
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I have used several CPAs over the years and for the last few years I have been doing my own taxes. For simple situations especially when there are no corporations or complicated filing requirements, there is no need to get a CPA to do your taxes.
My most recent experience with a "recommended" CPA was about the accelerated asset depreciation for business use. I soon realized he knew less than I. Furthermore, he was using the same research tools (IRS web site!) So, at the end he discovered he was not adding any value. He did not even charge me for his time. I would not want that guy to save my ass in case of an audit