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MissouriFamilies.org - Money Matters - Consumer Action

 

Finance Quick Answers

 

 

I have my taxes prepared by someone else. Do you have any tips to make this process easier?


Just because you've hired a professional to prepare your tax return doesn't mean you can sit back and relax. There are steps you can take to help your preparer do a better job. You can save on tax preparation by getting your records organized. Don't just walk into your accountant's office with a bag of receipts. Well-organized taxpayers can save 10% or more in preparation fees.
 

To save time, list questions and concerns before going to the preparer. Educate yourself about tax law so you can ask the right questions. There are many publications available from the IRS and at your public library.
 

Give your accountant the right information - it could open up a whole string of related expense write-offs you may not have known existed. Never assume an item is not deductible.
 

 

Source: Bottom Line Personal, Jan. 15, 1996, p. 5, and Feb. 1, 1996, p.16.

 

 

Written by:
Sandra McKinnon, Consumer & Family Economics Specialist, University of Missouri Extension

Cynthia E. Crawford, Ph.D., Consumer & Family Economics Specialist, University of Missouri Extension

 

 

 

 

 

 

 

 

 

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Last update: Monday, July 14, 2008

 

 

 


 
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