![]() ![]() But this deduction will reduce only part of the entire cost. The fees you pay to prepare your business taxes are a deductible business expense. You could have to pay much more depending on your complex your business is. Tax pros charge at least $500 to prepare a business return. You’ll save money doing your taxes yourself. Indeed, a majority of all taxpayers hire tax preparers. That said, most business owners prefer to get tax pros to do their tax returns. There is no legal or IRS requirement that business owners hire a tax professional to prepare their returns. ![]() The short answer is “yes,” you can do your return yourself. If you have a business, can you prepare your tax return yourself? Should you?
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