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Ive used Tax Cut for about the past 7 years....and its been good...
But this year Im using a professional accountant because things are on a much grander scale in every way. She is absolutely great and in our meetings over the past 7 months, she has found so many things that Tax Cut could never fully explain, deductions, writeoffs etc. She used to work for the IRS.
I had her examine my last 3 returns (prepared by Tax Cut) and she said that basically they were OK and didnt miss much...however there was one error that I got a way with and a couple small things that would have benefited me but the Tax Cut software had overridden the proper changes.
Tax Cut is good for a smaller scale, but when you get multiple deductions, credits and an overall complex situation....I think its best to see a good pro who will work with you.
* Make sure though, that they do not "farm" your return out to India or some other country.... many accounting firms are starting to do this to save themselves money...its BS and borderline fradulent, but unless you ask about it...they will not tell you.
By the way, my accountant says "I make all of my clients swear that they will not e-file... return must be turned in on paper"
The reason for this is that e-file is much less forgiving, as the computers track and analyze each and every line item. This is impossible to do with paper forms being checked by humans. So, returns submitted via e-file are more commonly flagged for audits because the variables are much more exposed than paper. So dont e-file...it only benefits the IRS.
Last edited by Sonic dB; 01-28-2007 at 03:55 PM..
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