20 Dec / Tax Calculator
Schultz & Associates, CPA does not provide a tax calculator on its website. Certain chain preparer will provide this utility. And I have tested them and I will tell you that they are in fact accurate. But that is because I know what I am doing. That this is inherently the problem with online resources for income taxes. If you do not have an adequate understanding of income tax preparation then chances are those resources will provide an incorrect answer. I believe the term many like to use would be “garbage in, garbage out”.
It is also my belief that tax preparation fees are not the issue. I will argue that a return that is prepared by a properly trained professional will result in a more accurate return than if prepared by a untrained professional. The bottom line is that a trained tax professional actually saves you money because they have proper understanding of the tax code and how to apply it.
And what tax calculator’s fail to do is to provide insight on how to take advantage of the tax brackets. So for these reasons Schultz & Associates, CPA does not provide a tax calculator.
Tax advice contained in this communication, including attachments and enclosures, is not intended or written to be used, and may not be used for the purpose of (i) avoiding tax related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.