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Around 2018, my accountant retired and sold his business to some other firm. That year, the other firm had some newbie cpa do my taxes. If I had blindly gone
by lisbbb 1y ago
Around 2018, my accountant retired and sold his business to some other firm. That year, the other firm had some newbie cpa do my taxes. If I had blindly gone with his effort, I would have had to pay thousands of dollars. The problem is, he made a huge mistake because he didn't listen to what I had told him regarding a step up cost basis on inherited stocks. I fired them the instant I saw that issue. Then I was stuck with nobody to do my taxes! I used TurboTax and got it done myself and actually received a small refund that year. And no, nothing was done fraudulently, it's just that I knew the details of our situation far better than any cpa who refused to listen to what I told him or was too "green" to know what I was talking about (unforgivable, imho). I've used TurboTax ever since then. Yes, I know it sucks in many ways, but the thing is, they bailed me out and saved me thousands of dollars over the years for hundreds of dollars in fees.