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    Should You Do Your Own Taxes or Hire a Professional?

    by Riley Adams, CPA, Owner, Young and the Invested Jan 30, 2020 4 minutes

    For some people, tax season poses little worry, and the process occurs painlessly. Simply populate the requisite fields on your 1040 with info from your W-2, claim the standard deduction, sign on the dotted line and e-file. After that, the check is in the mail, so to speak.

    For others, preparing taxes presents a stressful situation. Imagine handling numerous W-2s, 1099s, navigating the new qualified business income (QBI) rules and tracking a laundry list of write-offs related to your business, side hustles, real estate holdings or other income sources. While certainly not impossible to DIY (do-it-yourself) with the , this can still serve as a time-consuming activity. In some instances, it may make sense to outsource your tax preparation to a professional simply to avoid the headache or mistakes.

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