Top IRS Tips for Tax Payers: Choose the Right Tax Return Preparer

Choosing a CPA for preparing your taxes is not enough. You have to be extremely careful and keep a number of things in mind

while choosing a tax preparer. There is no denying the fact that one has to rely on a professional tax preparer to fulfill the complicated tax requirements of the IRS. The department advices tax payers to rely on an authentic and trusted CPA - and most importantly, the CPA you are choosing must have extensive knowledge about the regulations and tax filing criteria of the IRS.

Here is a quick look at some IRS tips that can help you choose a reliable and authentic tax preparer:

 

Qualification

Before looking for a CPA in town, you should know the educational requirements needed for a public accountant to get certified. The accountant must have a 150-credit accounting degree from an authentic and state affiliated institute to offer certified services. There are a number of local accountants and tax agents that offer low priced services, but the IRS strictly forbids relying on local accountants. These agents don’t have authentic knowledge about tax regulations and tax preparation needs expert skills. A minor calculation mistake in your tax statement can lead to grave consequences. So, make sure that the accountant you are choosing is not a just a bachelor’s degree holder. Certified agents might charge you more than local tax preparers, but you can rely on their knowledge and services.

Rely on Referrals

You should begin a process of jotting down a list of prospective certified public accountants, by talking to people you know. Take the suggestions of your social circle as referrals are always a good place to start. However, just because your friend said so, do not automatically choose a certified public accountant for that sole reason. Diligence can be an important factor in this process, hence use the accounting associations and the internet to find high quality and qualified candidates.

 

 

Experience

CPA supervisors must exhibit specialized capability regarding technical matters, and with hands on experience they can groom their capabilities and enhance their knowledge to meet the prerequisites of tax preparation and filing. A few positions also ask for a degree with a major in accounting or similar, for example, business administration or finance.

Compliance

According to different industries, there are requirements and standards for various tasks like testing internal records and monitoring of financial reports. If the outsourcing CPA does not have relative compliance, you will not be able to receive the level of control you really need. It will eventually cause a higher level of risk of the integrity of your financial reporting.

Clients’ Feedback

Client feedback matters a lot. The quality of your certified public accountant is proven by his happy and loyal clients. He should either have wonderful references or excellent review for their job performances.

Though you can find a number of accountants who offer low priced services, always give preference to the qualification and professional profile of the CPA your are choosing.

 

 

 

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