I've been lurking on the forum for a while and finally jumping in to start posting. I've face punched myself multiple times already, and the main goal this year is to reduce housing costs to a more sane level, but I do have a question on the topic of taxes...
I've been having a CPA do my taxes for several years, initially because a CPA's signature was required in order to qualify for a specific reimbursement that is no longer applicable, but now for the simple reason that it will reduce my chances of being audited - and reduce the work/time I'd have to spend dealing with an audit. Most of my income is from a full time job and I'm far below the AMT threshold (but perhaps high enough to be a juicy target). However, I have income from a side business which goes into a solo 401K, and of course I have investments as well.
The CPA I go to does taxes as a side business from home, so as far as fees go it's a pretty good deal: $300/year. Since tax software would cost me around $70 (Tax Cut is on sale), I'm effectively paying $230/year for "audit insurance". I would rather do my own taxes, but have been hesitant about dropping the "insurance." Does anyone have a good sense of whether this is worthwhile??