MyTaxAuction Emphasizes Importance of Knowledge in Filing Taxes

March 12, 2012 – MyTaxAuction, an online tax preparation bidding service, offers advice to taxpayers on how to assess their tax situation and benefit from using a tax professional in their new eBook, “5 1/2 Reasons you LOSE MONEY Preparing Your Own Taxes".  Emphasizing the importance of education when it comes to understanding the tax filing process, the book provides a checklist for taxpayers to use in evaluating their tax status.

Since 2000, taxpayers have seen over 3500 changes made in tax related laws and it is extremely difficult for individuals to stay current according to the new eBook from MyTaxAuction.  The book points out that knowledge is vital when it comes to filing taxes and tax payers may be missing out on deductions they qualify.  Certified public accountants are educated in tax law and are under a legal obligation to stay informed as to all changes being made by legislation.  Individuals who have changed their marital status, added a baby to their household, bought or sold a home, have rental property, work from home, or have started a home-based business within the last year should have a professional tax preparer.

The eBook states:  “You might be wondering whether or not your tax return is simple enough to do on your own.  Whether it is or isn’t, it’s possible you’re missing out on significant tax advantages by filing on your own, and the potential for error is often greater without a professional on your side" 

When looking for a tax professional, the eBook from MyTaxAuction says that it is important for taxpayers to verify the educational background of the professional and to ask for proof of their education.  A tax professional is a partner to the taxpayer and will help them understand how to prepare for their taxes and how they can increase their deductions and lower their tax payments.  In return, it is important for the taxpayer to keep detailed records and to prepare their tax statements before they meet with their tax professional.

MyTaxAuction simplifies the process for individuals seeking a professional tax preparer by enabling members to hold an online auction in relation to their tax needs.  Dozens of tax professionals submit bids in an effort to win the member’s business, giving the member a price quote that encompasses the entire preparation and filing method for one federal tax and one state tax filing.  Learn more by visiting www.MyTaxAuction.com.

About RedGear Technologies
 
RedGear has developed professional income tax software for 39 years, serving thousands of tax professionals who prepare and electronically file millions of individual and business returns nationwide.
 
Contact
Staci Kinshella, Director
Staci.Kinshella@taxworks.com
1265 Sportsplex
Kaysville, UT 84037
Office:     800-529-9000
Mobile:    816-204-4993
Fax:          801-529-9199

Contact Information

Staci Kinshella

Director

TaxWorks

(1) (800) 529-9000

Staci.Kinshella@taxworks.com