Re: Tax Question

Posted by david on March 04, 2003 at 06:33:05 from (205.204.242.23):

In Reply to: Tax Question posted by JW on March 03, 2003 at 18:40:56:

Prob want to use "Depreciation and Amortization form 4632 (I think my # is right). Can claim as 7 yr or possibly 179. That said, get an accountant.

I used to think that, being a reasonably sharp person, a whole stack of degrees in ag, and some experience in farm mgt I could do my own taxes. Did ok, some years paid a 1000 or 2, some years got that back. 5 yrs ago I sold a house in a year when tax code really changed. For under $250 a really good local CPA does my taxes and basic accounting. Since switching from doing my own to her doinging my refunds have grown to 4000-5000. Best investment I ever made.

Bottom line: you can do your own but sometimes it is more profitable to hire a pro.

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