Looking for a Good Tax Preparer Do you feel stressed out around tax season when trying to pick a qualified tax return preparation expert? At any rate, you have to be smart with your choice. A paid tax return preparer is mainly responsible for the general substantive accuracy of your return, and legally, this person is obliged to sign the return and provide their PTIN (preparer tax identification number). However, you have to keep in mind that you are still responsible for the accuracy of each item that is reported on your return. Anyone who professionally prepares tax returns must have an extensive understanding of tax matters. Ask friends, relatives or co-workers for referrals to any competent tax return preparers they may know. One thing to consider is whether or not your prospect will be easy to contact in case there are a few things on your return that the IRS wants explained. You can assign your paid tax return preparer or another third party the job of speaking to the IRS on any problems with your return, such as mistakes in computation or issues related to payments or refunds. IRS tax forms come with a third-party authorization checkbox which you can tick to give your designated party the authority to take care of all matters relative to you return for a period of one year counting from your original due date (excluding extensions). Unfortunately, however, there remain those who are plain and simple unscrupulous, particularly those who are filing false income tax returns. Make sure to review your return for errors so you can avoid potential legal and financial difficulties. Below are tips that will help you choose a good tax return preparer: > Be wary of those who promise to get you larger refunds than any other tax preparer others can.
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> Don’t deal with anyone who wants you to pay them a percentage of your refund, or wants your refund to be deposited to an account that isn’t in your name.
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> Have a preparer with a PTIN, which is a legal requirement for anyone who wants to prepare tax returns for clients. > Pick a reputable tax professional who indicates his PTIN, signs your tax return, and furnishes you with a copy for your own records. > Ensure that the preparer will be there for you even months or years following the filing of your return so as to answer any questions the IRS may have. about it. > Look into your prospect’s qualifications. The IRS will only accept CPAs, attorneys, and enrolled agents as representatives of taxpayers who are having issues on all areas, including appeals, collections and audits. Other preparers can only represent taxpayers for audits of returns that they prepared themselves. In the end, you just want a tax return preparer who will be trustworthy, both during and before or after tax season.