4 Tips For Finding The Right Tax Preparer

Posted by: Brookside Admin

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It’s a full time job to keep up with the evolving rules and regulations that dictate your annual tax return. It can also be stressful to try to prepare your own return while you’re also juggling everything else in your life. That’s why so many individuals turn to tax professionals when it comes time to prepare their returns, but choosing the right preparer can be difficult. The IRS published advice on how to choose the right tax preparer on their website. Here’s are the best tips for you to know.

  • Check Qualifications

This should go without saying but it’s important to see verification that the person you’re putting in charge of your taxes is qualified and professional. Unfortunately, there are some individuals who are masquerading as professional accountants who are unqualified. Since ultimately you are the one legally responsible for your tax return, you can’t afford to take chances with choosing who prepares them. In addition to a college degree, professional preparers will have a Preparer Tax Identification Number. You should also ask what continuing education your accountant attends.

  • Check History

Checking your CPAs references is a great way to find out about the work they’ve performed in the past. You can also check with the Better Business Bureau, and state licensure boards to discover any issues they may have had. There are many resources online where you can find reviews that will also help shed some light on the quality of your prospective tax preparer.

  • Ask About Fees

Some preparers base their fees on a percentage of your refund. That should usually raise a red flag. There have also been cases where a preparer asks to deposit the refund directly into their bank account rather than into yours. Again, this should be a clue that you should look elsewhere for a preparer.

  • Electronic Filing

Filing your return electronically with IRS e-file helps to expedite the process, which usually results in you getting your refund faster. It’s also required of agents who file many returns for their multiple clients. That means that if your preparer doesn’t file electronically, you’re probably their only client.

Regardless of who your preparer is, you should always review your tax return before it’s submitted and verify that the preparer has signed it and entered their Preparer Tax Identification Number.

At Brown Kinion and Company, we offer tax services for your personal return and for your business and you can rely on our extensive expertise earned through years of service. Contact us for help with this year’s return.