Looking for a Good Tax Preparer Do you feel stressed out around tax season when trying to pick a qualified tax return preparation expert? In any case, you must select judiciously. 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. Try seeking referrals from friends, relatives or officemates who may know a competent tax return preparer. 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 designate your preparer or any third party to represent you before tax authorities in case there are problems with your return’s preparation, such as mathematical errors or payment/refund issues. IRS tax forms have a third-party authorization checkbox where you can give your designated party the authority to handle all matters related to you return for one year from your original due date (disregarding extensions). Unfortunately though, there are those who are plain unscrupulous, specifically those who file false income tax returns. Make it a point to check your return for any errors and avoid legal as well as financial complications. The following tips can 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 entertain anyone who wants to be paid based on a percentage of your refund, or wants to have your refund deposited to an account that isn’t yours.
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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. > Choose a reputable tax professional who provides his PTIN, signs the return, and gives you a copy for your own files. > 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 are only allowed to represent taxpayers for audits of returns which they actually prepared. In the end, you just want a tax return preparer who will be trustworthy, both during and before or after tax season.