They say time is money, but when it comes to preparing your income and business taxes, the saying has never been more true.
Many people take pride in preparing their own taxes.
And with the advent of software programs like Turbo Tax, it s gotten a lot easier, so Millian says there s nothing wrong with preparing your own filing. If you don t mind spending the time, you can save yourself some money. Those instruction books and forms you get in the mail from the state and the IRS can be daunting, she knows, but if you don t mind reading a little bit, it s not that hard. All you have to read are two pages for each return pages 1 and 2 of the Federal 1040 and pages 1 and 2 of the state 1040 and you can do your whole return, Millian says. If you read the instructions, however, and still don t understand what to do, then it s time to go see a tax preparer or an accountant.