@BrandonSF wrote:
Hi again - thanks for all the helpful information. My lawfirm is HIGHLY suggesting I use thier referral to do that part of the taxes for me. It cost over $500. I questioned that, based on the info you gave, and that turbo tax support gave. Im guessing its because they do referrals to this particular tax company.
If you have never before filed a tax return including schedule C for self-employment, it may be worth it to use a professional for the first year, provided the professional will teach you, rather then just do it for you. Whether the particular professional is the right person for you is not something I can say, I would call a few and interview them and find the right fit.
There is also the Turbotax Online Live option, where you pay extra (still less than $500) and you can video chat with a CPA to help you.
If you have filed a schedule C before and are comfortable with that, there is nothing extra about the lawsuit settlement that would require assistance.
