Deciding on a Tax Accountant – Seven Things You Should Know

Introduction.

Accountants come in all shapes and sizes. CPA Tucson Some assist businesses, some assist individuals. Some do taxes, while others never do taxes. The majority are CPA’s, but you don’t have to be always a CPA to be always a good tax accountant. Some are bookkeepers with little if any formal training. Some are authorized to work directly with the IRS, and to file your return electronically. Choosing the best tax preparer can ease your burden at tax time. While finding a tax preparer isn’t too hard, finding a good one could be a challenge. Listed here are seven steps to consider, when buying a good tax accountant.

 

  1. May be the Candidate Authorized by the IRS?

You can find three forms of accountants. First, you will find bookkeepers who’ve little if any formal training in accounting. Second, you will find enrolled agents who’ve 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 least 2 yrs of experience within their field. Because there are tax preparers without the formal license practicing in the field, it may be difficult to learn 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. To avoid attracting unwanted attention from the IRS, try to find 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 check with regional officials about their business record. You are able to identify these tax pros by the small yellow lightning bolt logo within their ads and on their stationary.

 

  1. Research Their Background.

Don’t trust your taxes to just any tax preparer. Before you select a tax accountant, meet with them and ask questions. Call and set up an hour-long appointment with at the least three candidates. Any accountant desiring your organization will agree to meet up you without charge. The length of time have they held it’s place in business? Just how many of their clients have now 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? Look for written information regarding the firm and the candidate. Finally, does the candidate encounter 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 just a CPA, you are able to contact your state’s accountancy board and find out whether your CPA is indeed licensed. You can also find out 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 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 assist the staff? Are you able to meet the people who’ll represent you? How can the firm bill for the 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, when you will undoubtedly be sharing all of your financial secrets with them, and they will represent you ahead of the IRS, if you’re audited. Ensure the candidate will research the facts of the tax laws, and your financial background. Look things over carefully before your sign anything. You’re accountable for the info in your tax returns, regardless of who prepared your 1040. Ensure 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 an active season for tax accountants. However, tax issues can happen at any time of year. Learn how hands-on your accountant will undoubtedly be after the April 15th deadline.

 

7 Look for References.

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