TurboTax is a popular choice for many every tax season, and while you may be drawn to the low entry price and quicker turnaround time, keep in mind that you get what you pay for, and you could end up regretting using it in the long run.
TurboTax Can Be Confusing
For someone who is not intimately familiar with the software, TurboTax can not only be confusing, but cause inconveniences or major problems if the software is used incorrectly. It’s not uncommon for TurboTax users to get letters from the IRS claiming something was done incorrectly, and then it’s on you to fix it without any knowledge of dealing with the IRS.
Possibility of Missing Deductions
If you itemize your deductions, TurboTax requires you to have a keen eye for everything that can be deducted. If you miss anything, you’re missing out on free money that wouldn’t be missed when using a tax professional like LRSCPA.
TurboTax Has Minimal Customer Service
If you run into any problems or have any questions regarding your tax filing, you’ll need to submit a ticket and try to get a hold of one of the agents that are simultaneously helping every single user of TurboTax. With a tax professional, you get expert guidance with every question you have, plus the added benefit of year-round advice should you have a question outside of tax season.
TurboTax Has Limitations
While their software is fairly comprehensive, it does not cover every possibility. Tax filing can be an incredibly complex, difficult to navigate period in which special circumstances arise that are out of the ordinary, and TurboTax isn’t necessarily equipped to handle all of them. Our CPAs, however, are. Be sure that you’re in good hands no matter what by hiring LRSCPA to do your corporate or personal taxes for you.
Need guidance this tax season? Speak to one of our tax professionals today!