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"Why You Should NEVER, EVER Let the Opinion of Only One Tax Professional Determine Your Tax Liability."
 

 

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Money Magazine's Tax Test Conclusions
 

Fees, it turns out, are no clue to accuracy. There was no correlation between the size of preparers' fees and how well they scored. Money Magazine (March1988, March 1989, March 1997)

Congress can cut taxes all it wants, but if your tax preparer doesn't know all the rules, and MONEY's tax test shows that most don't, you might actually end up paying more. Money Magazine (March 1998)

The unavoidable conclusion: Many preparers aren't keeping up with the tax law, or they lack adequate review processes in their practices. Money Magazine (March 1992)

The CPA who designed 1989's test with a colleague, felt that so many did poorly because taxes are just one part of their practice and tax law has become too complex to keep up with on a part-time basis. Money Magazine (March 1990)

The "right" amount of tax depends as much on a tax pro's judgment call as on the tax law itself. The pros had varying interpretations of murky areas of tax law. Money Magazine (March 1997)
 

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