How difficult can it be to file my personal tax return?

Companies with tax filing software try to convince us through advertising that filing of our personal tax return can be simple and straight forward using their software.

They may be right... if you live alone, own nothing and receive income solely from a single job.

However, if you have a family, income from investments, debts or own a business, these software programs may not be the best choice. Why? Because they cannot 'think'.

They can't 'see' your entire financial picture – your assets and debts, your family structure, your spouse's income,etc. Therefore, they cannot individualize your return the way a tax professional can.

The result? Many people wind up paying more in taxes than they should.