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Picking a Tax Accountant – Seven Things You Should Know

Introduction.

Accountants can be found in all shapes and sizes. Some use businesses, some use individuals. Some do taxes, while others never do taxes. Most are CPA’s, but there isn’t to become a CPA to become a good tax accountant. Some are bookkeepers with little if any formal training. CPA Tucson Some are authorized to work directly with the IRS, and to file your return electronically. Finding the right tax preparer can ease your burden at tax time. While finding a tax preparer isn’t too much, finding a good one can be a challenge. Listed here are seven steps to take into account, when looking for a good tax accountant.

 

  1. May be the Candidate Authorized by the IRS?

There are three forms of accountants. First, you will find bookkeepers who have little if any formal training in accounting. Second, you will find enrolled agents who have passed the EA exam and are licensed by the IRS. Finally, you will find Certified Public Accountants (CPA’s) which have an accounting degree, have passed the CPA exam, and have at the very least couple of years of experience inside their field. Since there are tax preparers without the formal license practicing in the field, it can be difficult to discover if yours is one that you can trust. Regional IRS staffers often know who the problem tax preparers are in their districts. To prevent attracting unwanted attention from the IRS, look for tax preparers authorized by the IRS to file electronically within the Internet. The IRS subjects these tax professionals to criminal background checks, and even keeps their fingerprints on file. Additionally they check the preparer’s personal tax record, and seek advice from regional officials about their business record. You are able to identify these tax pros by the small yellow lightning bolt logo inside their ads and on the stationary.

 

  1. Research Their Background.

Don’t trust your taxes to just any tax preparer. Before you select a tax accountant, meet together and ask questions. Call and setup an hour-long appointment with at the very least three candidates. Any accountant desiring your business will agree to meet you without charge. Just how long have they experienced business? Exactly how many of these clients have been audited? Have they (themselves) ever been audited? If that’s the case, how did they handle it? Experienced tax preparers will have a way to answer these questions with ease. If they’re a CPA, have they ever been sanctioned by the AICPA? Ask for written information about the firm and the candidate. Finally, does the candidate run into like a person who could adequately represent you?

 

  1. Are they CPA’s?

If they’re CPA’s, are they licensed? If your accountant is a CPA, you can contact your state’s accountancy board and learn whether your CPA is indeed licensed. You can even learn whether there were any disciplinary actions taken against him. Most CPA’s are members of the AICPA (American Institute of Certified Public Accountants). If yours is, you can write to the AICPA and inquire about their record.

 

  1. Browse the Accounting Firm.

In what situations are you going to work directly with the pinnacle of the firm, and when are you going to use the staff? Is it possible to meet the people who’ll represent you? So how exactly does the firm bill for its services? How are extras (like an audit) handled? Will the firm provide a written agreement to define their services?

 

  1. Can You Trust the Candidate?

Find an accountant you can trust, since you will undoubtedly be sharing all of your financial secrets together, and they will represent you ahead of the IRS, if you’re audited. Make sure the candidate will research the details of the tax laws, and your financial background. Look things over carefully before your sign anything. You’re in charge of the info in your tax returns, irrespective of who prepared your 1040. Make sure the info in your return is correct, when you to remain the dotted line.

 

  1. Are They Accessible at Tax Time (and after)?

Tax time is a busy season for tax accountants. However, tax issues can happen at any time of year. Learn how hands-on your accountant will undoubtedly be following the April 15th deadline.

 

7 Ask for References.

Get recommendations from people you trust. Reputation is essential, when it comes to tax accountants. Get three references, and call them. If references aren’t provided, then try another candidate.

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