But, according to WalletHub, that might be a challenge here in Florida. Because a new study by the financial website says the Sunshine State is among the worst in the country to get good tax help. In fact, acceding to the rankings, Florida is 45th (tied with Indiana), making it the seventh worst state for tax help.
"There’s no shame in admitting it — many of us would rather pay someone to do our taxes than spend the 16 hours the IRS estimates it takes to do them ourselves," says WalletHub's Communications Manager, Raz Daraban. "But the accessibility, affordability and effectiveness of tax help varies significantly."
The Best & Worst States for Tax Help study looked at six key metrics culled from information provided by the Internal Revenue Service, the U.S. Census Bureau, Indeed.com, and the U.S. Department of Labor Statistics. The site then compared the 50 states and District of Columbia with stats like the number of accountants per 1,000 people to their average workload and hourly compensation.
According to the study, Florida ranked low in just about every key metric, with least-affordable tax help being the state's biggest issue.
22nd – Accountants Per 1,000 People
33rd – Accounting Jobs Per 1,000 People
48th – Affordability of Tax Help
27th – Returns Filed Per Accountant
27th – Percentage of Filers Paying for Tax Help
"E-filing is generally safe," says Reed W. Easton, Associate Professor of Taxation and Accounting, Stillman School of Business, Seton Hall University. "There is problem involving identity theft refund fraud. A weakness in the current tax refund system is the 'look-back' compliance model used by the IRS. The IRS currently cannot do a matching of employers' wage data from W-2s, as such data is not available until months after the IRS issues most refunds."