Tax professionals have a better understanding of the laws Congress pass each year, and spend hours in training, discussions and research. A smart taxpayer will take advantage of their training to save tax dollars. I know you must be thinking that even though you are getting tax savings either in a big refund of less due with the return, you still have to pay this individual for preparing and filing your tax return. All I can say is that you never know what deductions you are missing by filing yourself. There is peace of mind knowing that a professional filed your tax return and stored the finished product for your future availability.
So next time you are trying to decide whether to use a tax professional or not, just remember that in the long run it is going to save you money. You will have no worries about whether or not the return is filed correctly, and you will have someone doing their best to make sure you pay only the tax due. Making sure your tax return is filed correctly each tax season will save a lot of headache in the future, so do it right the first time by hiring that professional to help you out.
Of course, the choice of tax professional is critical. Be sure you use someone who has been in the business for several years and has credentials such as IRS Enrolled Agent (EA) or Certified Public Accountant (CPA). Network with your colleagues to get recommendations based on their experiences with practitioners. Using electronic filing and online access, your tax preparer may be in another state and still be able to work with you effectively.