I know I’m kinda late but the reason I’m late is also the reason for this thread. For the last three years I’ve used an accountant to do my taxes. However, I am growing increasingly frustrated with her because she is always late (filed my 2018 extension on the last possible day, and I have yet to receive my 1040-ES payment voucher for the estimated taxes 2019 payment that was due April 15) and always has some sort of excuse. I stuck with her because she was incredibly helpful setting everything up and advising me after my wife and I had moved to the US in 2016, but 2017 and 2018 have both been a catastrophe (I ended up with a hefty penalty for 2017), and have decided to no longer rely on her services. I am, however, torn between finding another accountant, one that is more reliable, and doing the taxes myself.
Here’s my situation:
- I am self-employed with customers abroad
- No LLC yet, but am seriously considering starting one this year for liability reasons
- I have two bank accounts that I get paid to, one in the US and one in Europe
- My wife owns a property abroad (no rental income, used by family) and we have money in a shared bank account abroad, which means we have to file an FBAR
- My wife is a regular employee and receives a W2 each year
- As of January 2019 we have a daughter
- We are married filing jointly
The first three points in particular were what drove me to get an accountant in the first place, in addition to setting up my business, but given that I am growing increasingly discontent I am seriously considering to switch to tax software instead. Either that or find a new accountant familiar with filing foreign earnings.
Any advice on what software to use? I’ve heard good things about TurboTax Home & Business and H&R Block Self-employed. Not sure which one is better; they’re priced about the same. Which one is easier to use, anyone experienced with both? Will either of them work in my/our particular situation?