Question

what tax preparation option do you think you are most likely to use? Why? What are the advantages and disadvantages to using this option?

Answer 1

The tax prepation option that is mostly used is the usage of software because it is effective and efficient in preparing tax returns and also it is easy to use as long as you have already the information given and ready to be encoded. But the disadvantage of using it is that it could be manipulated by someone because of its accessibility. And this may lead to the impairment of confidentiality of the client.

Answer 2

Answer:

The tax preparation that I would most likely use is simply learning about the tax system and how it works. With the knowledge of how things work, understanding the terminology used, and knowing about the multiple deductions that can be used, one can expect to get the most out of their return. A disadvantage would be the time that it would take to learn about the tax system.

Explanation: