Choosing the Right Tax Preparer

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When tax time comes around, we will start seeing a plethora of television ads from competing tax preparation companies. They’ll make claims like promising “instant tax refunds” or they can tell you that that you don’t need your W-2 forms in the future in and ready your taxes. Well the IRS does not process tax refunds any faster for these companies than for anyone else. What they are offering, if you qualify, is just a short-term generally high interest loan to be paid back by having your refund sent to them or the financial institution providing the loan. They’ll also usually be charging an additional fee with this service. The interest and fees is likely to be deducted from the sum total number of the refund in addition to the tax preparation fee. For not needing a W-2, except in certain situations in which a substitute W-2 may be used, if you’re employed for salary or wages you will need a W-2 to file your tax return. The ploy is to obtain you at the office to “start” your return so that you feel you’ve to get back to finish once the actual W-2 arrives.

Additionally, since there is still little regulation for who can prepare taxes for pay, when tax filing season arrives, unregulated preparers start popping up in temporary store front locations. They’ll start posting signs on street corners promising large refunds geared to attracting lower income individuals and when April 16th comes around they close up shop and disappear.

Just what exactly should you look for when selecting anyone to ready your taxes?

* Be sure to select a tax professional with the right credentials. Enrolled Agents and CPA’s are licensed professionals, guided by a signal of ethics set forth by the Internal Revenue Service. We’re required to keep up with the constant changes in the tax code through continuing education and this is reported to the IRS.

* Your tax practitioner needs to have a Practitioner Tax Identification Number and should sign all tax returns.

* You may use a person who is going to be available throughout the year to answer questions that’ll come up. There are life changes that occur during the entire year that’ll affect your tax situation and you may want someone available to offer advice as necessary, or you might get a letter from the IRS that you may want help to respond to.

The author is definitely an Enrolled Agent licensed by the Treasury Department with unlimited rights to represent taxpayers ahead of the Internal Revenue Service. He’s a skilled tax professional in the regions of tax preparation and tax resolution. Visit or feel free to call him any moment at (781) 363-5519 or (561) 429-3592 with any tax questions. We’re available all year and happy to speak with you at any time with no obligation.

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