There are many things that you should know about professional tax preparation. Most tax providers are hard working, trustworthy and good at what they do. You should know that there are some unethical preparers out there. It is your tax return and you are responsible for making sure that it is accurate. Hiring an unethical tax specialist can increase the risk of an inaccurate return causing you to get audited and have to pay penalties to the IRS.
You cannot afford to make mistakes on your tax returns. The IRS charges huge financial penalties for inaccurately filed returns. You can be audited over one simple mistake. Reputable tax specialists double check their work to make sure that your returns are correct. Preparing an accurate return is their top priority. Making sure that the return is accurate will result in the biggest possible refund without risking an audit.
Tax professionals should be licensed. The IRS gives qualified specialists a Preparer's Tax Identification Number. Each specialist has to qualify and apply for the number. While you are free to use any preparer you want, using an unlicensed prepare can lead to problems with the accuracy of your return. Licensed preparers know what they are doing and are held to a higher standard.
Reputable prepares almost always ask for your banking information so that your refund can be directly deposited from the IRS into your bank account. The only exception to this are the large, national preparers that offer an optional debit card for refunds. Avoid any independent preparer that demands that your refund be directly deposited into his or her bank account.
Professional preparers do not mislead customers with promises of huge refunds. Promise a huge refund before examining tax paperwork is dishonest and could indicate that the preparer is unethical. Preparers cannot get that promised big refund on all returns without shifting the numbers around. Hiring a provider for a bigger refund can lead to problems with your return.
Professional tax specialists have set rates. They do not charge a percentage of your refund as a commission. Charging a flat fee keeps the preparer from intentionally filing an inaccurate return just so he or she can get a higher commission for their services. Hiring a preparer that charges a percentage based on the amount of your refund increases the risk of getting audited and having to pay IRS penalties.
Each local chapter of the Better Business Bureau provides online services where you can checkout your local businesses. IRS auditors recommend that you use these BBB websites to verify the records and status of tax preparers before hiring one. Your tax specialist should be registered with the BBB and not have a history of complaints. A history of unresolved issues can mean that your tax preparer is unqualified or is not trustworthy.
It is your responsibility to make sure your tax returns are accurate. However, many reputable preparers will assist you in presenting your tax records to the IRS if you are audited. Professional tax preparation services take pride in their work and many will even come to the audit meeting with you. They will defend their work to the IRS and explain why your tax return looks like it does.
You cannot afford to make mistakes on your tax returns. The IRS charges huge financial penalties for inaccurately filed returns. You can be audited over one simple mistake. Reputable tax specialists double check their work to make sure that your returns are correct. Preparing an accurate return is their top priority. Making sure that the return is accurate will result in the biggest possible refund without risking an audit.
Tax professionals should be licensed. The IRS gives qualified specialists a Preparer's Tax Identification Number. Each specialist has to qualify and apply for the number. While you are free to use any preparer you want, using an unlicensed prepare can lead to problems with the accuracy of your return. Licensed preparers know what they are doing and are held to a higher standard.
Reputable prepares almost always ask for your banking information so that your refund can be directly deposited from the IRS into your bank account. The only exception to this are the large, national preparers that offer an optional debit card for refunds. Avoid any independent preparer that demands that your refund be directly deposited into his or her bank account.
Professional preparers do not mislead customers with promises of huge refunds. Promise a huge refund before examining tax paperwork is dishonest and could indicate that the preparer is unethical. Preparers cannot get that promised big refund on all returns without shifting the numbers around. Hiring a provider for a bigger refund can lead to problems with your return.
Professional tax specialists have set rates. They do not charge a percentage of your refund as a commission. Charging a flat fee keeps the preparer from intentionally filing an inaccurate return just so he or she can get a higher commission for their services. Hiring a preparer that charges a percentage based on the amount of your refund increases the risk of getting audited and having to pay IRS penalties.
Each local chapter of the Better Business Bureau provides online services where you can checkout your local businesses. IRS auditors recommend that you use these BBB websites to verify the records and status of tax preparers before hiring one. Your tax specialist should be registered with the BBB and not have a history of complaints. A history of unresolved issues can mean that your tax preparer is unqualified or is not trustworthy.
It is your responsibility to make sure your tax returns are accurate. However, many reputable preparers will assist you in presenting your tax records to the IRS if you are audited. Professional tax preparation services take pride in their work and many will even come to the audit meeting with you. They will defend their work to the IRS and explain why your tax return looks like it does.
About the Author:
If you are in need of excellent professional tax preparation, check out this link to onealcpas.com. You also will find auditing and bookkeeping services and more info is available at O'Neal & Associates, PC, CPA'S site at http://onealcpas.com.
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