Wednesday, February 20, 2013

Considerations When Choosing a Tax Preparer

Here are several important things to consider if using someone other than yourself to prepare your tax return.

·         The preparer’s time and experience in the field of tax preparation.

·         The availability of the individual if you have questions or if the IRS selects your return for an audit.

·         Whether the preparer is a member of professional associations and participates in continuing education to ensure his or her knowledge is up-to-date.

·         Whether the preparer asks you for tax documents such as W-2s and receipts to validate the numbers being entered on your return. If the person does not ask for this type of information, there may be an issue.

·         Whether the preparer tries to seduce you by promising a refund larger than you can obtain elsewhere.  This is a huge red flag!

The last thing you want is to be audited and discover you owe money to the IRS.  This will result in you paying the money you owe plus penalties and interest.  Keep in mind that it’s always less expensive in the long run to have your taxes done accurately by a trusted professional who can save you money, time and stress.

 

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