If you are planning to pay someone to prepare the tax returns, take your time and make a better selection. You need to bear this fact very well in mind that it is the responsibility of the taxpayer to ensure that correct returns are filed, and penalty emerging out of the wrong filing will have to be bored by the taxpayer. Here are some tips that you may use:
Tip 1# Is The Preparer Qualified?
According to new regulations, all the paid tax preparers must have a PTIN, i.e., Preparer Tax Identification Number. You need to ensure that the person is associated with a professional organization and attends the continuing education classes. Also, the IRS has also brought in new regulation to possess minimal competency requirements. Only those who qualify the test will be able to become a Registered Tax Return Preparer.
Tip 2# Credibility
Before finalizing the return preparer just see that they are registered with Better Business Bureau. It is also important to see if there have been any disciplinary actions and the current status if their license has not been revoked.
Tip 3# Is Their Fee Justified?
When looking for tax return preparer just see to it that they are charging the right fee. Those preparers who charge their fee based on the percentage of the refund or say that they can get larger funds than their peers. It is equally important to ensure that any refund is sent duly in your account and your name. Under no circumstances, any part of your refund is deposited into the preparer’s bank account.
Tip 4# Electronic Filing Of Returns
If the tax preparer is filing more than ten returns for a client, he must file them online unless the client requests for one. Millions of returns have been filed online make sure that the preparer offers IRS e-file.
Tip 5# Availability
It is very crucial that the tax preparer is available and accessible even after the return has been filed if there is any need about the return.
Tip 6# Documents Related To Filing of Return
Most of the tax return preparers will request to see the records and may ask many questions that are related to your income, qualifications and other things.
Tip 7# Blank Tax Form
Never sign a blank tax reform, and you must avoid such tax preparers at all cost.
If you make use of these tips, you will surely find a tax preparer that meets your expectations. You can always visit website to find help with IRS problems.