Choose a Reliable Tax Preparer with These Tips

Photo: mangostar via 123RF Tax season is here once again, meaning sorting out expenses, deductions, tax breaks, and more. Filing your taxes can be a daunting task, and it’s critical to get it right. Tax preparers can help a great deal, bringing knowledge and experience about various tax codes and laws. But, not all tax preparers are created equal, and not all of them have your best interests at heart. If you’re in the market for a tax preparer this year, there are several essential things to keep in mind. Choosing correctly will mean you get all the tax breaks due to you, maximizing your return or minimizing what you owe while protecting your financial health. Check Their Qualifications Tax preparers must obtain a& preparer tax identification number& from the Internal Revenue Service. Preparers must pass checks with the federal government, and they must renew their number every year for it to remain valid. These numbers are different from licenses, which some states require tax preparers have to earn compensation for preparing tax returns. The preparer must write this number on every return they file. Make Sure You Understand Their Fees Tax preparers have various methods for setting their fees,...