The first and most important thing to keep in mind when choose a tax preparer, is that the taxpayer is responsible for tax return, whether it was prepared by themselves or a paid entity.
(PRWEB) February 15, 2012
The first and most important thing to keep in mind when choose a tax preparer, is that the taxpayer is responsible for tax return, whether it was prepared by themselves or a paid entity. Some tips that are recommended to keep in mind when finding someone to prepare tax returns are as follows. Check the person's qualifications. New regulations require all paid tax return preparers to have a Preparer Tax Identification Number (PTIN). In addition to making sure they have a PTIN, ask if the preparer is affiliated with a professional organization and attends continuing education classes. The IRS is also phasing in a new test requirement to make sure those who are not an enrolled agent, CPA, or attorneys have met minimal competency requirements. Those subject to the test will become a Registered Tax Return Preparer once they pass it. Avoid tax practitioners, as they are the lowest tier in tax preparation experience. Find out about their service fees. Keep away from preparers who base their fee on a percentage of the refund or those who claim they can obtain larger refunds than other preparers. Also, always make sure any refund due is sent to oneself or deposited into an account in the taxpayers name. Under no circumstances should all or part of the refund be directly deposited into a preparer’s bank account. Ask if they offer electronic filing. Any paid preparer who prepares and files more than 10 returns for clients must file the returns electronically, unless the client opts to file a paper return. More than 1 billion individual tax returns have been safely and securely processed since the debut of electronic filing in 1990. Make sure your preparer offers IRS e-file.
Make sure the tax preparer is accessible. Ensure you will be able to contact the tax preparer after the return has been filed, even after the April due date, in case questions arise. Provide all records and receipts needed to prepare your return. Reputable preparers will request to see records and receipts and will ask multiple questions to determine the total income and qualifications for expenses, deductions and other items. Never use a preparer who is willing to electronically file a return before the Form W-2 is received. Never sign a blank return. Avoid tax preparers that ask to have a blank tax form signed. If there is no witness of what was put on the return but it is signed, the taxpayer is responsible for any discrepancies. Review the entire return before signing it. Before you sign your tax return, review it and ask questions. Make sure you understand everything and are comfortable with the accuracy of the return before you sign it. Make sure the preparer signs the form and includes his or her preparer tax identification number (PTIN). A paid preparer must sign the return and include his or her PTIN as required by law. Although the preparer signs the return, the taxpayer is responsible for the accuracy of every item on the return. The preparer must also give you a copy of the return. For more information on tax tips visit http://www.irs.gov. So this tax season while searching for a tax preparer, utilize these tips and choose wisely.
About the company: Ideal Tax Solution, LLC is located in Costa Mesa, CA and provides tax negotiation services, preparation and is a collection defense specialist. Their Tax Attorneys, IRS Enrolled Agents, CPA’s, Senior Tax Consultants have over 55 years of combined experience working to help American tax payers with the IRS and State Tax Agencies. Ideal Tax boasts an "A" rating with the Better Business Bureau earned through providing excellent services.