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Picking a Tax Accountant – Seven Things You Should Know

26 Dec 19
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Introduction.

Accountants come in all shapes and sizes. Some work with businesses, some work with individuals. Some do taxes, while others never do taxes. The majority are CPA’s, CPA Tucson but you do not have to be a CPA to be a good tax accountant. Some are bookkeepers with little or no formal training. 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 quite a challenge. Listed below are seven steps to consider, when buying a good tax accountant.

 

  1. Could be the Candidate Authorized by the IRS?

You will find three kinds of accountants. First, you will find bookkeepers who have little or no 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. Because there are tax preparers without the formal license practicing in the field, it can be difficult to find out if yours is person who you are able to trust. Regional IRS staffers often know who the issue tax preparers have been in their districts. In order to avoid attracting unwanted attention from the IRS, search 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 talk with regional officials about their business record. You are able to identify these tax pros by the little 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 decide on a tax accountant, meet using them and ask questions. Call and put up an hour-long appointment with at the very least three candidates. Any accountant desiring your business will agree to generally meet you without charge. How long have they held it’s place in business? Just how many of these clients have now been audited? Have they (themselves) ever been audited? In that 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? Request written information about the firm and the candidate. Finally, does the candidate run into like an individual who could adequately represent you?

 

  1. Are they CPA’s?

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

 

  1. Browse the Accounting Firm.

In what situations do you want to work directly with the top of the firm, and when do you want to work with the staff? Is it possible to meet the people who’ll represent you? How can 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 are able to trust, because you will be sharing all of your financial secrets using them, and they’ll represent you prior to the IRS, if you’re audited. Ensure the candidate will research the important points of the tax laws, and your financial background. Look things over carefully before your sign anything. You’re responsible for the info on your tax returns, no matter who prepared your 1040. Ensure the info on your return is correct, when you sign up the dotted line.

 

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

Tax time is an active season for tax accountants. However, tax issues can happen whenever you want of year. Find out how hands-on your accountant will be after the April 15th deadline.

 

7 Request References.

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