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Times When It Pays to Get Professional Help

Times When It Pays to Get Professional Help

Software and online services makes doing your own taxes easier than ever, but in some cases a little help is still a smart move. Here are a few instances where getting professional help could not only help you save on your taxes but also avoid potential problems:

  • You receive rental income.
  • You are self-employed.
  • You report gains and losses on investments – especially if you made a variety of investments.
  • You sold your home in a “short sale” transaction, meaning you sold the home for less than the amount of the mortgage you owed.

In these cases, saving a little on tax preparation fees may end up costing you a lot more.

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