Most of us hire tax preparers and advisors to help us file our tax returns. However, we do not know much about these service providers. According to studies, a number of individuals who used tax preparers never asked about the expert’ credentials. When you hire a tax preparer, you will have to share everything with them including your family, social security number, bank account details and income. Therefore it is best if you find someone that you will be comfortable with during the whole process. If you are wondering how to find the deal tax preparation and advisory services, you are at the right place. We have outlined crucial tips that will help you find the right individual.
One of the tis is asking the potential service provider for a Preparer Tax Identification Number (PTIN). The relevant authorities require individuals who help others to prepare tax returns at a cost to have a PTIN. Ensure the preparer has a PTIN and they include it in your return. It is also important to find a tax preparer who has the proper credentials for the job. Getting a PTIN is relatively easy, therefore be sure that the expert is a certified public accountant, a licensed lawyer, an enrolled agent or a person who has completed Internal Revenue Service(IRS) Filing Program. Ask the preparer to show you proof of their certificates. The relevant bodies only award certificates to individuals that have gone through classes and passed their exams. You will find the best tax preparer and advisor with the right documentation by searching the IRS’ directory.
The body has a database with names of service providers with the required credentials to practice. What’s more, you should find an expert who belongs to trade organizations such as National Association of Tax Professionals. Tax preparers that are members to such bodies will guarantee top-notch quality services since they will have professional conduct and certification program requirements, and code of ethics. Another factor to consider when looking for reliable tax preparation and advisory services is your budget. Before you set out to look for the services, you should know the amount of money you are willing to spend. Afterwards, you should research to know how much tax preparers and advisors charge. You should know that tax preparers charge an hourly rate, and the price depend on the complexity of the job.
It is important for you to get multiple price estimates and compare them before you make a decision. This is the best way of determining an individual that will offer great services at affordable rates. Yu should avoid service providers that do not file returns electronically. The laws require tax preparers to use e-file if they have more than ten clients. Therefore, a company that does not file returns electronically does not have many clients, and this may be a red flag. Moreover, you should check the availability of the preparer. You need to work with a person who will be available throughout the filing process. A good tax preparer will pick your calls, reply to your emails and schedule visits.