Q&A: Tax preparation

April 23, 2010

Consider certain variables when deciding whether to prepare your own taxes or to have it done.

Q: Looking ahead to next year, should I calculate my taxes myself or hire someone?

A: Consider these variables when deciding whether to prepare your own taxes or to have someone do it for you:

In general, if you feel comfortable handling your own taxes and don't mind the time it takes, then keep doing them yourself. But if you don't necessarily enjoy filing taxes for yourself, then you might be better off having someone else do it.

Answers to our readers' questions were provided by Ryan J. Keshemberg, a registered representative and investment advisor representative with CRI Securities LLC and Securian Financial Services Inc., members of FINRA/SIPC, registered investment advisers. CRI Securities is affiliated with Securian Financial Services and North Star Resource Group. North Star Resource Group is not affiliated with Securian Financial Services Inc. and is independently owned and operated. This information is a general discussion of the relevant federal tax laws. It is not intended for, nor can it be used by any taxpayer, for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisers regarding any tax and legal issues applicable to their specific circumstances. TR: 176752 / DOFU: 4/2010. Send your money management questions to medec@advanstar.com
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