Get Trustworthy Tax Help

Need a hand filling out that 1040 EZ form? No one's snickering. Even the IRS estimates that it takes the average taxpayer about 13 hours to fill it out its simplest form.

Do you need a helping hand figuring out your return? If you had unusual gains or decreases in income, or a boost in assets via inheritance, or some other windfall, you might want to consider getting a pro's input.

Those who own a business or are self-employed may also need help figuring out how that affects their taxes. And any new life circumstance -- becoming a homeowner or a new parent, or realizing significant gains on stocks or rental income -- may complicate matters.

Still, when it comes to calling in reinforcements, it pays to be cautious. Consumer Reports recommends that you avoid preparers who promise a large refund before looking at your information, and those who charge a fee based on the size of the return. Be sure to ask how the firm handles sensitive data (you're looking for the word "shred" in the answer). Our own tax superhero, Roy Lewis, has some tips on how to find a trustworthy tax advisor.

For those planning to go it alone, the IRS has a treat for about 70% of qualified tax filers. Its free Internet filing service, Free File, enables taxpayers to complete and transmit returns over the Internet without any special software.

Now go clear out next weekend's calendar so you can plod through that 1040 EZ form. And visit our Tax Center if you have any questions.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 518298, ~/Articles/ArticleHandler.aspx, 10/22/2016 9:48:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes