Choosing a Tax Return Preparer Right for You
During tax season, you will want a tax preparer you can rely on. Here is what you should keep in mind when hiring a tax preparer.
Taxpayers often hire a tax preparer to accurately file tax returns. There are many different types of tax return preparers, such as accountants, attorneys, and enrolled agents. Most tax return preparers provide good service, however, that may not always be the case. Unfortunately, some taxpayers are scammed because they choose the wrong tax preparer. Learn about the steps you should take in order to choose the right tax return preparer.
Be sure to ask these questions when choosing a tax preparer,
- What are their qualifications? All tax return preparers are required to have a Preparer Tax Identification Number (PTIN).
- What are the service fees? Avoid preparers who base their fee on a percentage of your refund.
- Do they offer electronic filing? Tax preparers who prepare and file more than ten returns for clients must file returns electronically, unless a paper return is specifically requested.
- Do they live near you and or are easy to contact? In case the IRS has questions about your tax return after it has been filed, make sure you choose a tax preparer who is easy to contact.
After you have chosen a tax preparer, make sure to keep these tips in mind,
- Avoid tax preparers who request your tax refund be sent to them or deposited in their bank account. Your return should always be sent back to you or deposited into an account with your name.
- Provide all records and receipts needed to prepare your return. Reputable preparers will request to see your records and receipts. They will also ask you multiple questions to determine your total income and your qualifications for expenses and deductions.
- Be sure your tax preparer signs the form and includes their PTIN.
- Remember, although your preparer signs the return, you are responsible for the accuracy of your return.
You should always double check your return to look for any errors in order to avoid potential financial and legal problems. If you have been impacted by improper tax return practices, make a complaint about your tax return preparer on the IRS website.
The information provided in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its subsidiaries and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.