Monday, March 7, 2011

Tax Preparation Advice

Most Americans will get assistance from a professional tax preparer or tax software when filing their taxes this year. The Better Business Bureau encourages taxpayers to use caution when selecting tax preparation help or they may get hit with headaches and mounting fines and fees if the return isn’t correct or filed late.

• Ask around. Get referrals from friends and family on who they use and check the BBB Reliability Report on tax preparation services at

• Look for credentials. Ideally, your tax preparer should either be a certified public accountant, a tax attorney or an enrolled agent. All three can represent you before the IRS in all matters, including an audit. Also, find out if the preparer is affiliated with a professional organization that holds its members to a code of ethics.

• Don’t fall for the promise of a big refund. Be wary of any tax preparation service that promises larger refunds than the competition, and avoid any tax preparers who base their fee on a percentage of the refund.

• Think about accessibility. Many tax preparation services only set up shop for the months leading up to April 18. In case the IRS finds errors, or in case of an audit, you might need to be able to contact your tax preparer throughout the year.

• Read the contract carefully. Read tax preparation service contracts closely to ensure you understand issues such as how much it is going to cost for the service, how the cost will be affected if preparation is more complicated and time consuming than expected and whether the tax preparer will represent you in case of an audit.

For more advice on finding professionals you can trust, visit


  1. Manohar Reddy

    Books2taxesinda offers tax services like tax processing, tax preparation, online tax form filling and financial services like accounting, bookkeeping and payroll management. We provide tax services to both state and federal by using tax software such as pro series, pro systems, ATX, ultra tax, turbo tax, lacerate

  2. This is true. Tax preparation needs serious consideration and serious tax preparation helper. It is not easy to bear headaches from fines and therefore proper preparation is a must.

  3. If ever you’re not yet ready to file, ask for an automatic extension from the IRS. There’re a lot of reasons you may feel the need to file an extension, but any reason’s better than not filing your return at all.

    - Clemencia Summers -

  4. “Don’t fall for the promise of a big refund. ”--- It’s one of the common mistakes that a lot of taxpayers commit. Don’t let yourself get caught in this trap because you might even lose more money instead of expecting to get your money back.

  5. Hello there! I am glad to stop by your site and know more about tax preparation. Keep it up! This is a good read. I will be looking forward to visit your page again and for your other posts as well. Thank you for sharing your thoughts about tax preparation in your area.
    Tax return preparers who have PTINs before testing becomes available have until Dec. 31, 2013, to pass the competency test. After testing becomes available, new tax return preparers will be required to pass the competency test before they can obtain a PTIN.
    Tax preparation for businesses is different for every type of business. Are you a corporation? Are you self-employed? Are you an LLC? Each type of business requires specific reporting and unique tax filing.

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  6. When in doubt, or if there are things that are not clear to you, ask questions. Your employer, tax preparer or the government agency where you’re filing your tax will give you the necessary documents to help you understand the process better.


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