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OrphanWilde comments on Boring Advice Repository - Less Wrong Discussion

56 Post author: Qiaochu_Yuan 07 March 2013 04:33AM

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Comment author: OrphanWilde 12 March 2013 01:30:54AM 3 points [-]

I tried delegating my taxes to a tax professional last year. It took -more- time, not less.

This year it could potentially save my time, because I already know my deductions are going to be pretty significant. (1/5th of my pretax income last year went towards a new roof. And I bought a new computer for work. And a bunch of other homeowner investments that AFAIK are deductible.) As opposed to last year when the "professional" ignored me when I told her my deductions wouldn't exceed the standard deduction, and insisted on going through mounds and mounds of paperwork and receipts, trying to get me $1 over the standard deduction. (I think we ended up about $50 short, and that was after some very... creative deductions.)

Be cautious with professionals who think they know more than you about your business, I guess.