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What Are The Benefits Of Going DIY on Your Taxes

Doing your own taxes is easier than ever. Thanks to various software’s and the ready professional help that you can get from various services who will help you in your tax preparation in Orlando.

A Cheaper Option

Depending on the complexity of your personal situation hiring a tax professional can be a pricey prospect. By comparison all DIY tax returns are way cheaper and the simplest returns can often be filed for free. Around 70 percent of the tax payers in the country are eligible for the Free Fie program. It would be wise to check if you are one of them, before you start the whole filing process. That being said if your return is too complicated then the best option would be to choose a service to run it.

A Speedy Refund

When you are only responsible for doing your own taxes, you are the master of your finances and nobody knows about them better than you. You not only get to file taxes way before the deadline, but you can also expect a faster refund.

You Will Easily Be Able to Work on Your Tax Intellect

It is seriously no fun topic. But giving your tax preparation a go will make you better at them and that means that you will also be able to work faster on it, every year. After all you cannot really escape from this as long as you are making money.

It is very easy for one to miss out on lucrative deductions, when preparing your taxes. There are plenty tax software’s out there that ask you about any life changes, so that you can think of any new development in the past year that involved money.

Privacy Matters

Some people are not that comfortable giving away information that they view as private. For them preparing their taxes themselves is the best option. Plus sharing your financial information with anyone does come with its own set of risks. For example, you can fall victim to a hack.

It Is Not That Hard As the IRS Makes It Seem

Why should you not do your own taxes once you discover that they are really easy to do? That being said, do not rely 100% on tax software. For one they do not cater to unique situations. For example, if you inherited something or if you are engaging in other tax complicated activities.

It is possible that you make errors when you are working on preparing taxes on your own but that does not mean that you cannot ask a pro to review what you have done or give you advice.

If you need more information about our South Orlando accounting and tax services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin number, incorporations, and non profit 501c3 tax exempt.


 
 

Robert AcevedoWhat Are The Benefits Of Going DIY on Your Taxes