Friday, April 3, 2009

Do-It-Yourself Tax Prep Full Of Hidden Costs

SAN DIEGO (Wireless Flash - FlashNews) – Doing your own taxes can be taxing on your wallet.

According to Kim Luna-Miller of professional tax service Aalpha Oomega Enterprizes, do-it-yourself tax prep carries hidden costs and could turn out to be pricier than having a pro file them.

Luna-Miller says Americans shouldn’t skimp on tax prep since proper filing could yield handsome returns.

She says amateurs often make mistakes and miss out on huge sums, like a recent client who filed her return herself and was only getting back $1,100 according to her calculations.

When Luna-Miller took a second look, she discovered that the woman was actually supposed to be getting back $7,000.

Since tax laws and regulations change about 345 times a week, Luna-Miller says it’s impossible for average folks to keep up with everything like the pros who file taxes right the first time.

If Americans still aren’t willing to pay a professional, Luna-Miller suggests they at least have them conduct a second opinion review of their forms, which most agencies do for free.

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