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Do I Need An Accountant?

If You Are An Individual

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Whether you think you need an accountant or not, consider at least having an initial visit or telephone discussion with one. Discuss your medical expenses to make sure you are maximizing your deductions and minimizing your taxes as much as possible. Also mention any other aspects of your financial life that are not cut and dry. 

Need for an accountant

You may need an accountant if:

  • Your tax situation is complicated.
  • You have real estate investments.
  • You have enough assets so that income tax planning would be worthwhile.
  • You start your own business.

Alternatives To Using An Accountant 

If your personal income taxes are your only accounting concern, you might be able to save money by using:

  • An income tax preparer who is not a certified public accountant.
  • A computer software program, such as:
    • CCH Complete Tax
    • FreeFile offsite link from the IRS -- a free federal tax preparation and electronic filing program for taxpayers with an Adjusted Gross Income (AGI) of $57,000 or less in 2013. 
    • TaxAct
    • TaxCut (from H&R Block)
    • TurboTax

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