Why do I need a tax professional when I can buy tax prep software?


Question: Why do I need a tax professional when I can buy tax preparation software? Answer: Tax software producers claim their products can prepare complex returns, but you may want to think twice before relying on software for all your tax and financial guidance. Although software may help you make choices on your tax return that result in the lowest tax this year, you should consider the long-term effect of your choices in order to pay the lowest tax over a number of years. With a professional tax preparer, you get more than just a tax return. An established relationship with a tax professional who is familiar with your finances, your family, and your goals can prove to be invaluable. If you prepare your own returns, it's a good idea to let a professional preparer review your returns at least every three years. That's because you only have three years to amend a return to change any items of income, deductions, or credits that were reported in error or omitted on your original return.

Mattson Gleason CPAs Ltd Your success is our business.

10627 165th St W Lakeville, MN, MN 55044 Cellular 612-861-4542 Receptionist 952-435-6630 Fax 952-435-3642 www.mattson-cpa.com mark@mattson-cpa.com

To ensure compliance with Treasury Department regulations, we advise you that, unless otherwise expressly indicated, any federal tax advice contained in this message was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein

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