YOUR TAX
PLANNING OPTIONS
DO IT
YOURSELF
​like TurboTax or H&R Block
PROS
-
Lowest cost.
-
The timing of filing your return is in your hands.
CONS
-
You're doing the work with no professional help - you can miss something or incorrectly input info.
-
Lack of expertise in ever-changing tax rules that may bring you uncertainty in the outcome.
HIRE A FLAT FEE PROFESSIONAL LIKE ME
PROS
-
Deep understanding of your specific tax situation - allows for advice on past and future years.
-
Professional knowledge in tax law for your specific situation.
-
Know exactly what you'll pay before moving forward.
CONS
-
More expensive than DIY.
-
May take longer than DIY depending on client load of the professional.
HIRE AN HOURLY PROFESSIONAL TEAM
PROS
-
Multiple eyes on your return with various levels of experience.
-
Focused on efficiency to complete as many returns as possible during tax season.
CONS
-
Most costly and you're "on the clock" for any work done or questions asked.
-
You're one of many clients - this can feel like just a number and not have access to tax advice or follow up from a pro.
MY PROCESS
NOTES
I primarily (but not exclusively) focus on working with early career physicians.
I only do personal tax returns reported on a 1040. I do not do any business returns, i.e. partnership, S-Corporation or C-Corporation returns.
I have a broad range of state income tax returns, but not all. If I am not experienced in your state, I'll refer you to somebody else prior to signing an agreement.
I do everything electronically including agreements, collecting tax documents, communicating, filing the return, and so on.
PRICING
Flat quote pricing based on complexity starting at $350 for Federal and one state. What causes complexity?
MULTIPLE
INCOME
SOURCES
SELF-EMPLOYMENT
INCOME
RENTAL
PROPERTIES
MULTIPLE STATES
CRYPTO
CURRENCY
TRADING
A LOT OF
STOCK TRADING
K-1 Forms
MARRIED FILING SEPARATELY
**Not a full list of complexity items. These are the most common complex issues I see.