Many tax prep firms have a range of tax prep professionals on staff, and can handle returns ranging from very simple to complex. Others have more limited services and staff. If your returns are simple, a tax prep firm that focuses on obtaining the largest credits and deductions and e-filing your returns with the IRS and/or your state can be relatively inexpensive. On the other hand, taxpayers with complex returns or who are facing audits or other challenges from the IRS should insist upon – and be prepared to pay for – a tax prep firm with CPAs and tax attorneys on staff, along with professional filing related services.
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The tax prep process can be challenging and intimidating. It's easy to make expensive mistakes. Hiring tax prep professionals can provide substantial savings in time and hassle, not to mention money. However, tax prep services can also help taxpayers who file their own returns with software and online services that make the process more efficient. Ultimately, the tax prep services that are best for you depend on your financial circumstances – and your budget.
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