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Tax Accountants : The Basics Explained

Todays Date: December 15, 2018

Accountants are not as easily identified as one might think. Some work simply as bookkeepers and have not been to accounting school, while others have obtained their Master’s Degree in Accounting and have been certified through national and international organizations. There are those authorized to work directly with the IRS, some who only do tax returns, and some who have never done tax returns. They can work for businesses and individuals. Finding an accountant is not difficult, but finding a good tax accountant can be challenging.

The job of tax preparer is not the same as being an accountant. You can obtain employment as a tax preparer without having to get a license. It would be smarter for you to trust your tax return to someone who is authorized by the IRS. This can help you avoid an audit down the road. Another important feature of your tax preparer is that they have the green light from the IRS to electronically file tax returns. This gets your tax refund check into your hands faster. In order to be authorized to file returns electronically, the IRS runs a criminal background check and takes the preparer’s fingerprints. There is an extensive background check into personal tax returns and business records.

Meet with the tax preparers and pose numerous questions, in advance of settling on an accountant. You ought to go so far as to line up full hour long appointments with minimally three candidates. If he or she is interested in securing your potential business, a decent accountant will consent to a free consultation. Ask them critical questions, like for how many years have they operated as a business? What is the number of their customers who were audited in the past? Has the accountant every personally suffered through an audit? Professional tax return preparers with great experience will not be afraid of these kinds of questions. They ought to seem completely natural and comfortable when answering any of them.

Any person whom you are contemplating engaging to handle your critically important tax returns ought to undergo a thorough background check and researching, conducted by you. No doubt all of them will seem to be at least somewhat professional when you sit down and talk with them. This is the reason that you must dig to investigate their prior work, so that you will know if something is hiding in their closet that they do not want you to learn about. At the least, you ought to go to Google or Yahoo and conduct a search for their name, along with the words tax accountant. Check out the results which come up. Did any prior clients write up poor reviews on forums or websites? Did anyone discuss any potential law suits which were filed against them in the past or present?

If you were ever to be audited, your tax accountant goes before the IRS with you. Think about who you would want standing next to you if that were to happen. Also think about the confidentiality you entrust to them as well. They will know about all your financial secrets. But always remember that it is your signature on your tax return. If your tax accountant does something that seems shady, do not go along with it. It is you who will be in trouble, no matter who actually prepared the returns for you. Look over every line of your return carefully before you sign. More : Sydney Tax Accountants

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