Showing posts with label find. Show all posts
Showing posts with label find. Show all posts

Monday, January 22, 2007

Advice for Choosing a Tax Return Preparer

IRS TAX TIP 2007-06
Taxpayers who pay someone to do their taxes should choose a tax preparer wisely. If you choose to use a paid tax preparer, it is important that you find a qualified tax professional.

Taxpayers are ultimately responsible for everything on their return even when it’s prepared by someone else. The most reputable preparers will request to see your records and receipts and will ask you multiple questions to determine your total income and your qualifications for expenses, deductions, and other items.

By doing so, they have your best interest in mind and are trying to help you avoid penalties, interest, or additional taxes that could result from later IRS contacts.

While most tax return preparers are professional and honest, taxpayers can use the following tips to choose a preparer who will offer the best service for their tax preparation needs.

Ask about service fees. Avoid preparers who claim they can obtain larger refunds than other preparers, or those who guarantee results or base fees on a percentage of the amount of the refund.

Plan Ahead. Choose a preparer you will be able to contact after the return is filed and one that will be responsive to your needs.

Get References. Ask questions and get references from clients who have used the tax professional before. Were they satisfied with the service received?

Research. Check to see if the preparer has any questionable history with the Better Business Bureau, the state’s board of accountancy for CPAs or the state’s bar association for attorneys. Find out if the prepare belongs to a professional organization that requires its members to pursue continuing education and also holds them accountable to a code of ethics.

Determine if the repairer's credentials meet your needs. Are they an Enrolled Agent, Certified Public Accountant or Tax Attorney? Only attorneys, CPAs and enrolled agents can represent taxpayers before the IRS in all matters including audits, collection actions and appeals. Other return preparers may represent taxpayers only in audits regarding a return they signed as a preparer.

Report suspected tax fraud and abusive tax prepares to the IRS on Form 3949-A, Information Referral, or by sending a letter to Internal Revenue Service, Fresno, CA 93888. Download Form 3949-A from IRS.gov or order by mail at 1-800-829-3676.

Links: Form 3949-A Information

MY TWO CENTS WORTH!!
by A.L. Dobbins

Every time I think of preparing tax returns without a computer I get a headache and my blood pressure goes up.

Of course you should take care in choosing a tax preparer, but this advice should be a two-way street -- tax preparers should be careful in accepting a new client. Like those who want you to exceed their deductions beyond what they can prove. I avoid those who march into my office and announce: " I want all my money back" or "I need a refund of $3000.00" before I even see their W-2.

A bad client can ruin your business or cause the IRS to audit all of your clients.

Sunday, January 21, 2007

Quick and Easy Access to IRS Forms and Publications

Free forms from the IRS website:

IRS TAX TIP 2007-13
The Internal Revenue Service has many forms and free publications on a wide variety of topics to help you understand and meet tax filing requirements. If you need IRS materials try one of these easy options:

Internet: You can access forms and publications on the IRS website 24 hours a day, 7 days a week, at IRS.gov.

Phone: Call 800-TAX-FORM (800-829-3676) to order current year forms, instructions and publications and prior year forms and instructions. You should receive your order within 10 days.

Walk-in: During the tax-filing season, many libraries and post offices offer free tax forms to taxpayers. Some libraries also have copies of commonly-requested publications. Braille materials are also available. Many large grocery stores, copy centers, and office supply stores have forms you can photocopy or print from a CD.

Mail: Send your order for tax forms and publications to National Distribution Center, P.O. Box 8903, Bloomington, IL 61702-8903. You should receive your products within 10 days after we receive your order.

Links:
Publication 910, Guide to Free Tax Services (PDF 636K)
Publication 2053A, Quick and Easy Access to IRS Tax Help and Forms (PDF 40K)

Order Publication 1796, Federal Tax Products on CD-ROM, from NTIS — the National Technical Information Service.

Small business news - FORTUNE Small Business

Showing posts with label find. Show all posts
Showing posts with label find. Show all posts

Monday, January 22, 2007

Advice for Choosing a Tax Return Preparer

IRS TAX TIP 2007-06
Taxpayers who pay someone to do their taxes should choose a tax preparer wisely. If you choose to use a paid tax preparer, it is important that you find a qualified tax professional.

Taxpayers are ultimately responsible for everything on their return even when it’s prepared by someone else. The most reputable preparers will request to see your records and receipts and will ask you multiple questions to determine your total income and your qualifications for expenses, deductions, and other items.

By doing so, they have your best interest in mind and are trying to help you avoid penalties, interest, or additional taxes that could result from later IRS contacts.

While most tax return preparers are professional and honest, taxpayers can use the following tips to choose a preparer who will offer the best service for their tax preparation needs.

Ask about service fees. Avoid preparers who claim they can obtain larger refunds than other preparers, or those who guarantee results or base fees on a percentage of the amount of the refund.

Plan Ahead. Choose a preparer you will be able to contact after the return is filed and one that will be responsive to your needs.

Get References. Ask questions and get references from clients who have used the tax professional before. Were they satisfied with the service received?

Research. Check to see if the preparer has any questionable history with the Better Business Bureau, the state’s board of accountancy for CPAs or the state’s bar association for attorneys. Find out if the prepare belongs to a professional organization that requires its members to pursue continuing education and also holds them accountable to a code of ethics.

Determine if the repairer's credentials meet your needs. Are they an Enrolled Agent, Certified Public Accountant or Tax Attorney? Only attorneys, CPAs and enrolled agents can represent taxpayers before the IRS in all matters including audits, collection actions and appeals. Other return preparers may represent taxpayers only in audits regarding a return they signed as a preparer.

Report suspected tax fraud and abusive tax prepares to the IRS on Form 3949-A, Information Referral, or by sending a letter to Internal Revenue Service, Fresno, CA 93888. Download Form 3949-A from IRS.gov or order by mail at 1-800-829-3676.

Links: Form 3949-A Information

MY TWO CENTS WORTH!!
by A.L. Dobbins

Every time I think of preparing tax returns without a computer I get a headache and my blood pressure goes up.

Of course you should take care in choosing a tax preparer, but this advice should be a two-way street -- tax preparers should be careful in accepting a new client. Like those who want you to exceed their deductions beyond what they can prove. I avoid those who march into my office and announce: " I want all my money back" or "I need a refund of $3000.00" before I even see their W-2.

A bad client can ruin your business or cause the IRS to audit all of your clients.

Sunday, January 21, 2007

Quick and Easy Access to IRS Forms and Publications

Free forms from the IRS website:

IRS TAX TIP 2007-13
The Internal Revenue Service has many forms and free publications on a wide variety of topics to help you understand and meet tax filing requirements. If you need IRS materials try one of these easy options:

Internet: You can access forms and publications on the IRS website 24 hours a day, 7 days a week, at IRS.gov.

Phone: Call 800-TAX-FORM (800-829-3676) to order current year forms, instructions and publications and prior year forms and instructions. You should receive your order within 10 days.

Walk-in: During the tax-filing season, many libraries and post offices offer free tax forms to taxpayers. Some libraries also have copies of commonly-requested publications. Braille materials are also available. Many large grocery stores, copy centers, and office supply stores have forms you can photocopy or print from a CD.

Mail: Send your order for tax forms and publications to National Distribution Center, P.O. Box 8903, Bloomington, IL 61702-8903. You should receive your products within 10 days after we receive your order.

Links:
Publication 910, Guide to Free Tax Services (PDF 636K)
Publication 2053A, Quick and Easy Access to IRS Tax Help and Forms (PDF 40K)

Order Publication 1796, Federal Tax Products on CD-ROM, from NTIS — the National Technical Information Service.