Did you know over $1 trillion is paid in individual income taxes each year?
Preparing your taxes is a big part of being an adult. You must track your income and expenses, report it on your taxes, and pay what you owe to Uncle Sam.
The best way to prepare your taxes is with the help of a professional tax preparation business. If you are wondering how to choose a tax preparer, this short and simple guide is for you.
1. Determine Your Needs
The first thing you need to do is determine your needs.
Do you need a tax preparer year-round? Or do you need a tax preparer only during the tax season? Do you want an accountant or do you just need someone who can prepare your taxes?
The answers to these questions will help you narrow down the list of candidates. It will also make it easier for you to find someone who fits your needs, such as Atlantic income tax.
2. Ask Your Friends and Relatives
If you don’t know any tax professionals, ask your friends and relatives who they use. Chances are that someone in your circle of friends or family has used a tax preparer before and they can recommend one to you.
Ask for recommendations from people you know and trust.
If you’re not comfortable asking your friends and family, ask your doctor, lawyer, or accountant. They might have a recommendation for you.
3. Look at the Tax Preparer’s Credentials
If you are looking for a tax preparer, they must have the proper credentials.
A tax preparer should be licensed and registered with the Internal Revenue Service (IRS). This means that they have passed an exam and are bound by a code of conduct.
You can find out if the IRS licensed a tax professional by visiting the IRS website and entering their name or business address into the search box.
4. Find Out How the Tax Preparer Charges Fees
You should ask the tax preparer how they charge fees.
Some tax preparation services charge by the hour. Others charge by the task or service.
If you are looking for a full-service tax prep company, make sure they have an hourly rate that is included in their quote.
5. Check Out the Tax Preparation Firm Online
You should also check out the tax preparation firm online. You can find reviews from other customers on sites such as Yelp, Google, and Angie’s List.
This will give you an idea of how others feel about the service they received.
You should also check to see if there are any complaints or issues with their business license at the Better Business Bureau website or with the Attorney General of your state.
Tax Preparation Business: This Is What You Need to Know
If you have tried to do your taxes on your own and found that the process is just too confusing, consider hiring a professional tax preparation business to help you out.
These businesses are there to help. So, don’t be afraid to take advantage of what they offer.
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