What to Be Aware of When Choosing a Tax Preparer:

Image result for Tax SeasonWith tax season already upon us, it is important to know who is preparing your taxes and what their qualifications are. They are responsible for your information and it is important to be conscious of the potential threats presented this time of year.

So, what are some things to consider?

  1. Qualifications: There are different qualifications depending on your needs. These include

Attorneys, Certified Public Accountants (CPAs), Enrolled Agents, Annual Filing Season Program Participants, Enrolled Retirement Plan Agents, and Enrolled Actuaries.

For more information on this, visit this page which breaks down each qualification and can help you better determine your needs this year.

  1. Check the History: Check the preparer’s license status as well as any disciplinary actions. For CPAs, check the State Board of Accountancy. For Attorneys, check the State Bar Association. For Enrolled Agents, you can go to IRS.gov or email [email protected] with the first and last name of the agent, a complete address if it is available, and the Enrolled Agent Number is available. It is recommended to include as much information as possible. For more information on this, visit the verification page.
  1. Ask about Service Fees: Avoid preparers who base their price on the percentage of your return or claim they can get you a bigger refund than the competition. Do not give them any tax documents or anything that would include your social security number.
  1. Ask for E-filing: Make sure your preparer offers IRS e-file. The IRS has processed billions of e-files successfully and there is no reason why this should be impossible.
  1. Make Sure the Preparer is Available to You: You might need to contact your preparer after the April 18th due date. Don’t hire someone who is constantly on the move and will be difficult to get in touch with.
  1. Provide Records & Receipts: A good preparer will want to have all the necessary information in order to properly file your tax return such as total income, tax deductions, credits, etc. For example, do not rely on someone who only wants your last pay stub instead of a From W-2. This is against IRS e-filing rules.
  1. Never Sign a Blank Return: This may sound like a no brainer, but it is worth mentioning. Do not use a preparer who asks you to sign a blank return.
  1. Review Before Signing: If something is not making sense, ASK. You should feel completely informed and comfortable with any document you are signing. Always double check the bank Account and Routing number to make sure that it is yours. Always keep copies of everything.
  1. Make Sure Your Preparer signs and includes their PTIN: This is the  Preparer Tax Identification Number and they must include this in the document by law.
  1. Report any abusive behavior to IRS: Most preparers will be honest and provide excellent service, however, some are dishonest. To report any abusive or fraudulent actions, use Form 14157. If you suspect your return was changed without your consent, fill From 14157-A. These are available on irs.gov any time.

As always, if you need any help with Tax Preparation and filing, Business Resource Partners is always here to help! We have our Accountant Michael, our Enrolled Agent Mythili, and our owner Lorrie who is a participant in the Annual Filing Season Program. Our front desk ladies Stephanie and Andrea would be happy to schedule appointments for your needs.Please contact us at (352) 236-2771 or visit us at 310 Almond Street Clermont FL, 34711.