 What will you choose for investment (for tax benefit) - Mutual Fund or Fixed Deposit in Bank? |
If you have to invest Rs 50,000 for TAX BENEFIT , what would you choose ? Why?
( you can also show a link where comparison betn the two is drawn up)... |
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 I was susposed to get my income tax refund Friday January 26? |
| When I call the IRS refund hotline it says it was direct deposited On the 26th but Its not showing up in the bank account.My wages are being garnished at work.Is it possible for them to have ... |
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 Ex issue and claiming a child? |
| So my ex and I have a child. We were never married. nor is there an agreement on who claims her when. She lives with me 12 months of the year (he takes her on weekends) and he gives $75/wk for child ... |
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 Husband has not filed Fed. income taxes since 2002? |
| He owed that year, but never filed, did not owe in 2003, did not work in 2004 (nothing to report) and did not file in 2005. I just filed his 2006 return, owing $77, and sent it in w/payment. What ... |
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 Income tax Not married 16yrs old with 6 month old son?? |
| Im 16 and have a 6 month old son i want to know what do i need to claim him on my income tax? how much am i gonna get back? i want to do it wihtout the father getting invovled. please and thank you . ... |
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 How do I temporarily stop withholding from my paycheck? |
| I got a big refund last year and would like to have a little extra cash now. How do I temporarily stop my withholding for 2-3 pay cycles?... |
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 If I (a 22 yr old college student) buy a new computer, can I claim it as a tax write off in 2008? |
I am currently trying to decide if I should upgrade to a new computer. If I buy this new computer and claim myself on my taxes, will it be a write-off for me since I am a college student?
A... |
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 Messed up taxes, should I wait for them to catch it or file amended? |
| We had our taxes done last week and the $$ was direct deposited into our account already. When I got home yesterday there was a w-2 in the mail from unemplyment I received for the month of January ... |
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 Question about my stimulus check? |
| Back in January I did my taxes at H&R Block. I paid my H&R Block services fees with some of my return money. I had the rest of my money deposited into my checking account. According to the ... |
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 My wife filed her taxes as 'head of household' not putting me on the return, am i entitled to half the refund? |
| i didnt work in the u.s. in 2007 my wife only worked for 3 months, but with the child tax credit the amount of the tax return was $3000 +....am i entitled to half the return if i am still married to ... |
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 Why did I get only $300 from this stimulus package? |
I'm 24
Senior year College student
Filed taxes independently--made only $9,000 in '07
I live in my parents home--don't pay rent
I thought i was supposed to ... |
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 Can the IRS hold my tax return money? |
| My husband and I have a back tax bill from a couple of years ago. We have been paying on it. This year (since he has payroll deduction to pay the bill) we filed separately. He had to pay and I am ... |
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♥~antdrewsmom~♥ | Is it better to use an Accountant or a tax service like Jackson Hewitt? Why? |
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princess
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well i would say theat it is better to use a accountant because well you are more safer with your money that you have saved and so yeah. |
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Doc8
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Turbotax is great and cheap |
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SuzeY
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It probably depends on what your tax return looks like. If it's extremely simple (w-2, maybe a bit of interest income, some mortgage interest and real estate taxes), Jackson Hewitt could probably handle that, but then again, so could you. You could buy TurboTax for $40 and do it yourself instead of paying Jackson Hewitt.
If your return involves a business, rental real estate, early distributions of a pension, sale of securities (mutual funds, stocks, bonds, options, etc.) unreimbursed employee expenses, that sort of thing, go to an accountant. The other poster was correct in saying that many of the people who work for Jackson Hewitt and H & R Block have a 3 month training that is pretty lame in comparison to an accounting firm with highly trained professional year round staff.
BTW, those chains aren't all that cheap. When I was working for a CPA firm, many of our returns came in cheaper than Jackson Hewitt and H & R Block, and you had a CPA with 20 years of experience reviewing the return-now that's a deal! |
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maria169
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It all depends on the type of return that you have. Do you have a company or self business? Do you feel comfortable with a CPA that has many clients to worry about but can give lots of advice or would like someone to become more personal with you can can help guide you through you taxes and future planning. going to a CPA means that you know exactly who is going to go with you if you get audited and need to go to the IRS. When you use H&R Block or Jackson Hewitt you will get an enrolled agent. All by preference on how you want to be handle and how much you want to pay out of pocket. |
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The Big Shot
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A tax advisor is probably fine if you don't itemize and have few deductions. |
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ZINGER
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I am a retired CPA and continue to prepare tax returns for individuals and businesses. For an individual return, a tax service is okay but you can get stuck with a rookie preparer which is not good. For a business then I would recommend an accountant with tax experience. The best of both worlds is an independent service (not necessarily a CPA because of the cost of the return) where they have experienced tax preparers that can handle all types of returns.
Ask around to see who other people use and get their opinion. Word-of-mouth with a good recommendation is a good way to go. However, be cautious of a preparer that always gets clients substantial refunds. This is especially important at the moment because IRS is gearing up to increase their audits of individual tax returns. |
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harold g
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if you have and accoutant they are always available for you when you need your things done |
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Dizney
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Depends! If you have a simple return, use software like Turbo Tax. If it is complicated, use a tax preparer.
I don't know about Jackson Hewitt. However, NEVER use H&R Block. I have heard horror stories from former clients. In addition I know first hand that they don't teach tax law in theri intro course. Lots of important things are "beyond the scope of this course." In addition, they hire people that flunked the final. We knew more than the teacher and had to keep correcting him on things. (We HAD to take the class to be incompliance.) |
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Rob D
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This is probably just a personal bias, but I don't these services. Jackson Hewitt, H&R Block, and the like are franchise operations, and often, their hiring practices may be pretty questionable.
If your tax situation is complex enough to use a CPA, do so. If not, get a good off-the-shelf tax program such as TaxCut or TurboTax. I'm a sole proprietor with no employees. TaxCut has been more than adaquate for me. |
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Princess
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Accountant, because they go to years of schooling to handle all types of monies. They are also usually less expensive than a tax place. The people at the tax places get trained 3 months before on tax laws. I don't trust that. An Accountant will find you a lot more deductions and credits. |
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~*WoodSmoke*~ ~Environment~ daBlogPound,Inc
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Depending upon your needs: If you are a small business concern and need a K-1, then an accountant. Having worked "store front" tax places many years, I can tell you that if you want good tax service then demand an experienced preparer. JH hires about 300 new people per district per year, but there are experienced ones who come back year after year. Ask for someone "good". Another good indicator is if the preparer has any PE points from the IRS, and/or is a member of a professional organization, IE; National Association of Tax Professionals.
good luck & blessings |
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I know, I know!!!!
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If you are just filing taxes as an individual then a tax service is fine. If you have a business you should use an accountant. |
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