- Do you want to invest the time?
- Do you want to pay a preparer?
- Do you want to learn the the tax code?
As a tax preparer (which is disclosed in the article), Mr. Schnepper is biased towards paying a preparer. However, he does make what I consider an excellent point if one decides to hire a tax preparer: choose someone who provides advice. I agree that a preparer who gives advice on how to minimize tax liability in current and future years, provides higher value than a preparer who just fills out the numbers on the forms.
I still do my own tax returns. However, I were to ever hire a preparer, I would meet with and interview several candidates, to make sure I choose someone who is interested in providing advice as well as doing the return.
For more on The Practice of Personal Finance, check back every Wednesday for a new segment.
This is not financial or tax advice. Please consult a professional advisor.
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