Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: Wennejunk Three stars, 500 posts CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Corporate tax Question Date: 3/4/2009 10:08 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
We've used a local CPA for tax preparation for the last few years and last year they bumped our rates way up and haven't contacted us for this year's files.

I recognize that as a strategy in paring your customer base to those who are most profitable and that's fine - I understand that, no problem. There are others around who are closer, less expensive and just as good for our business.

However, our business is fairly simple and I am considering just doing the taxes myself using Turbotax for Corporations.

I would appreciate any input from others who have done this as well as feedback as to whether self preparation and filing increases the chances of an audit.

I have nothing to fear from an audit, but if I have to drop what I'm doing to prep for an audit, its not worth the $600 I save doing the taxes myself.

If you are a CPA and respond, please identify yourself as such so I'll know where you are coming from on this.

Thanks,

Tom
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement