12 Times When It Makes Sense to Hire a Tax Preparer
U.S. News and World Report
Tax season is upon us, and if you're staring at a pile of unfamiliar forms that have you scratching your head, then it's probably time to call in reinforcements. Approximately 60 percent of taxpayers turn to a tax professional to help prepare their return, according to the Internal Revenue Service. It's similar to knowing when to stop helping your kids with their homework assignments, says Barbara Taibi, a partner at accounting firm EisnerAmper. "When you don't understand the questions that the teacher is asking, that's when it's time to get a tutor," she explains. "If you don't understand the question, you're not going to give them the right answer." If you're in one of these situations and aren't sure how it impacts your taxes, consider hiring a professional tax preparer or tax accountant so you don't miss out on valuable deductions or make other mistakes that can trigger a bigger tax bill.