With today’s easy access to technology, tax software programs abound. While using a computer reduces the chance for mathematical errors, it does not reduce the probability of human error. For important issues such as your taxes, using a trained professional is best.
A paid Tax Preparer is responsible for the accuracy of a return and is required, by law, to sign the return including a preparer tax identification number. Therefore, do NOT accept a return from someone who for any reason will not sign a return or provide their I.D. number.
Choose a Tax Preparer who is readily available in the event your return is examined by the Internal Revenue Service or if there are questions regarding how your return was prepared. While many long-distance tax preparation firms are qualified to assist you, consider whether the individual or firm will be around months or years after the return has been filed. Statute of Limitations to examine a return can range from 3 to 6 years and sometimes indefinite.
Also consider the following:
Be wary of tax return preparers who claim they can obtain larger refunds than others.
Avoid tax return preparers who base their fee on a percentage of the refund.
Use a reputable tax professional who signs the return, includes their identification number and provides a copy of the return to you (as required).
Check the person’s credentials. Only attorneys, CPA’s and ENROLLED AGENTS can represent Taxpayers before the IRS in all matters, including audits, collection and appeals.
While pre-packaged programs may seem faster and less expensive, they are not nearly as sophisticated as the programs used by professionals. Canned responses to common questions on a computer generated form do not offer insight or alternative methodologies.
Hiring a Tax Professional from the beginning helps eliminate the chance for common errors made by the average layperson taxpayer. This is especially true for those with complex tax issues such as divorce, business, and inheritance & audit issues.
Remember…pril 15th might not be the only day you need help!
Provided by:
Linda D Smith,EA,ATA,ABA,CDFA,CFR,DMM, Orlando, FL
Enrolled Agent, Certified Divorce Financial Analyst, Florida Supreme Court Certified Family Mediator
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