BMK Business Solutions, Inc.
Tax Accountants and CPAs
Business & Individual Taxes
Accepting New Clients!
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Please email us your question. We are happy to answer!
What are the Advantages and Disadvantages of TurboTax?

  • Cheaper than seeing a professional (CPA or EA or Tax Accountant)
  • Will save you time if you know what you're doing (mainly your commute and correspondence with your tax preparer)
  • User Friendly (our opinion)

Disadvantages of TurboTax:

  • Improper usage of software (errors can cause a string of IRS Letters, Audits, Amendments and Penalties)
  • The software is only as good as what the user inputs - Need to learn the software
  • Possibility of missing deductions and/or overdeducting
  • Will have to conduct your own tax research for unknown topics and questions

Most Common Reasons TurboTax Users Have Utilized a Tax Professional:

  • Used TurboTax and Received a Letter from the IRS
  • Became an Independent Contractor / Sole Proprietor / Single-Member LLC
  • Change of Family - Just got Married and/or Had Children
  • Moved States - Multi-State Return
  • Rental Property with Rental Income
  • Need Tax Savings Advice Outside the Scope of the Software
  • Have Tax Questions and Need Guidance
  • Need a Second Opinion
  • Just too Busy                                           
312-223-8411 Tel
120 W Madison Street #906
Chicago, IL 60602