- May 3, 2021
- Posted by: Smith & Smith
- Category: Tax Preparation Service
Studies say that at least one-third of the taxpaying mass hire tax advisors or tax preparers to get the job. But, the majority of the people are unaware of how to find a quality tax preparer nearby. As you might have figured out from the title, in this blog we are going to discuss the tips to find the best tax preparer. If you have any confusion related to this topic, going through the sections below can be of great help.
Surveys say almost 80% of the people who look for a tax preparer are unaware of the preparer’s credentials and 75% of the mass doesn’t even ask if the tax preparer will provide them with a tax audit. The increase in demand has led to the number of tax preparers has gone up by several notches. But, not all of them keep their promise or offer quality service at an affordable price range. Therefore, not asking a few questions or lacking knowledge about the tips to find the best tax preparer can create a situation where you get conned. Keeping all these factors in mind, we decided to post a blog on this topic.
Do ask for a Preparer Tax Identification Number (PTIN)
You should know that one of the primary requisitions of the Internal Revenue Service or the IRS for a tax preparer is a PTIN. It is advisable for you to ask your tax preparer to put in his/her preparer tax identification number on your tax return.
Do ask for a CPA, law license or Enrolled Agent designation
Most of the tax preparers have a PTIN. So, you should try to contact someone who is also an enrolled agent (EA), certified public accountant (CPA), licensed attorney or has completed IRS’ Annual Filing Season program. These credentials ensure that the person you are relying on is fully qualified to execute the task successfully. Accredited Business Accountant/Advisor and Accredited Tax Preparer need study ranging over a wide variety, ongoing educations and examinations. Are you thinking about how to find a tax preparer who has the above-mentioned credentials? One way can be looking for the best tax preparer near you in the IRS directory. You can also search on the internet and contact a tax preparer who is ready to serve you.
Do ask for recommendations
You should also ask for recommendations from friends and family members who have a tax preparer. Discuss with them and let them know about your requirements. Choosing a tried and tested professional for accomplishing the job can be of effective help.
Do compare the fees
People generally have a conception about expensive service is the best. This is not true at all. Do not fall into this group of people. Always remember to compare the money charged for the service and go for the one whose quote meets your budget. The price can vary from one tax preparer to another. It generally depends on the experience of the professional, qualifications, location, etc. There are several tax professionals who offer top-notch services at a pocket-friendly price range. All you need to do is just find one.
Don’t rely on tax advisors who do not e-file
The Internal Revenue Service only wants tax advisors who have done 10 tax returns or more. The filing is done via the IRS e-file system, Therefore, you should never rely on a tax advisor who does not offer an e-file.
Do make sure that they sign on the dotted line
The tax preparer needs to sign their clients’ returns and also write down their PTIN. You should never sign on a blank tax return. If you do so, the preparer can put anything on the return.
We hope that you have now gained a clear understanding of the tips to keep in mind while looking for a tax preparer. Contact Smith & Smith CPAs if you are searching for a tax preparer in Arlington, Texas. You can call us for any further query related to this field as well.