Would you hire somebody else to do your taxes, or do by yourself? The answer depends on your individual situations, how comfortable you are with tax forms and current changes to tax law, and how well you understand the procedure. Have you had many life changes over the past year that will affect your deductions? How many income sources do you have? Do you own your own business?

The reasons for and against hiring a professional tax preparer. Not all of these will apply to everyone, but here are some things to consider in making a decision:

For those who have a simple return, it can be done on your computer for free. If you have a lot of complicated deductions or are not comfortable preparing your own, there are many accounts and tax preparers ready to assist.

It costs money. You should do it yourself to accumulate money, especially if you are

struggling monetarily.

You might end up worse off, particularly if you are anticipating getting a tax refund. In the end, the fee you are supposed to pay for professional assistance can surpass the refund you could be entitled to. This would definitely make you sad. They say that a good accountant saves you more money than he costs you.

It is possible you will get a sense of independence and confidence and boost your ego. By

taking this course, you will show you can do your own taxes.

Hiring a professional to prepare your taxes is much simpler than trying to prepare them

yourself. Collect your papers together, take them to your accountant and let them do it. A

professional will be able to catch assumptions that you may have unnoticed. It can be quite intimidating for someone who has never tried to do their own taxes. One benefit of having the free access on the internet is that you can try it out to check if it is something that you might want to do

You can easily afford it. If you are wealthy, you should consider doing it in order to help

someone else earn a living in addition to making things less hectic for yourself.

You are very busy and have too little time. If this is true, you can gain from let someone else file your tax return for you.

They are trustworthy. If they have a good reputation, why not give them a try?

Your family members or friends recommend them. This is a strong endorsement that should persuade you.

You fear the prospect of being audited. If you cannot work out how to do your own taxes and getting free help online is not an option, you should not hesitate to hire someone who is qualified to help you. One advantage to hiring a professional is that you are also paying for them to stand by you if you are audited.

In summary, most personal taxes could be done by the individual using tax software and a quick review by an accountant, while business owners or individuals with complex tax

considerations should have their taxes done by a professional.