Tax Return Poll Results
The Money Poll on tax returns has now run its course, and it looks like we have a bunch of do-it-yourselfers hanging out around here… Over 65% of all respondents are going to be preparing their own tax returns this year, while a bit under 30% will be hiring a pro. In years past, I would’ve fallen in the majority — I actually enjoy running through our taxes as it gives me a lot of insight into our finances. However, given the year that we’ve had, I want a professional opinion just to be sure that I’m doing everything right. Thus, I’m currently in the distinct minority (5%) who are both preparing their own taxes and taking them to a professional for a second opinion. If you have responded yet, the poll is still open. Hop on over an record your vote, or just read the comments.
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Filed under: Polls, Taxes
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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March 2nd, 2007 at 6:27 pm
Personally, I am a huge proponent of hiring a professional to prepare my taxes.
The last thing I want is to make mistakes which trigger an audit. While I know I have not done anything shady, I know people who have been through audits due to preparing their own taxes. An audit can turn out to be one of the biggest “time sucks” anyone could ever go through!
My advice for those do-it-yourselfers out there, save yourself the frustration and headaches of a potential audit. Leave tax prepartion to the professionals especially if you are a small business owner. It may seem like a lot of money to pay a professional but think about what your time is worth.
March 3rd, 2007 at 7:49 pm
Here’s my take on the DIY vs. hiring a pro for taxes: I am a marketing guy. Since most accountants would probably make horrible marketing professionals, there is no reason to assume a marketing guy would make a good tax preparer. I don’t cut my own hair, do my own dental work, and I see little reason to do my own taxes. I like the idea of pro handling the government for me.