Choose wisely when you intend to get the bang for your buck. Linda and Priscilla are very
diligent about getting their money’s worth and that explains why they screen cautiously when it
comes to choosing a tax preparer. If you pay someone to prepare your income tax return, the IRS
urges you to choose that person wisely.

Here are ten tips to keep in mind when choosing a tax preparer:

1. Check the preparer’s qualifications.
All paid tax preparers must have a Preparer Tax Identification Number or PTIN. In addition
to making sure they have a PTIN, ask the preparer if they attend continuing education
classes. All licensed tax preparers must attend continuing education annually. You can see if
a tax preparer is licensed with that State Board of Accountancy (CPAs) or is qualified with
the IRS (EA) or are members of the state bar (Attorney). The IRS supplies links that allow
taxpayers (you) the ability to verify whether a tax preparer is an Enrolled Agent (EA). The
link is at https://irs.treasury.gov/rpo/rpo.jsf Each state has a Board of Accountancy to
verify Certified Public Accountants (CPA) and a state bar to verify Attorneys.

2. Check the preparer’s history.
Check to see if the preparer has a questionable history. Look for disciplinary actions and for
the status of their licenses.

3. Ask about fees.
Avoid preparers who base their fee on a percentage of your refund or those who say they can
guarantee larger refunds than others can. Always make sure any refund due is sent to you or
deposited into your bank account. Taxpayers should never deposit their refund into a
preparer’s bank account. Ask what the estimated fees will be before the tax returns are
prepared. Your tax professional should be able to give you a good estimate, so the final bill is
not a surprise!

4. Ask to e-file your return.
Make sure your preparer offers IRS e-file. Any paid preparer who prepares and files more
than 10 returns for clients generally must file the returns electronically. See week 3 for
exceptions.

5. Make sure the preparer is available.
Make sure you’ll be able to contact the tax preparer after you file your return – even after the
April 15 due date. This may be helpful in the event questions come up during the year.

6. Supply records and receipts.
Good preparers will ask to see your records and receipts. They’ll ask questions to determine
your total income, deductions, tax credits and other items. Do not use a preparer who is
willing to e-file your return using your last pay stub instead of your Form W-2, or substitute Form W2. This is against IRS e-file rules.

7. Never sign a blank return.
Don’t use a tax preparer that asks you to sign a blank or incomplete tax form.

8. Review your return before signing.
Before you sign your tax return, review it and ask questions if something is not clear. Make
sure you’re comfortable with the accuracy of the return, before you sign it. Remember, you
are still legally responsible for what is in it.

9. Ensure the preparer signs and includes their PTIN.
Paid preparers must sign returns and include their PTIN as required by law. The preparer
must also give you a copy of the return. If a paid preparer does not sign a return, it is illegal,
they can be sanctioned and even lose their licenses, plus face fines, penalties and possibly be
barred from preparing future tax returns. NEVER use a preparer that doesn’t sign the tax
returns they complete!

10. Report abusive tax preparers to the IRS.
You can report abusive tax preparers and suspected tax fraud to the IRS. Use Form 14157,
Complaint: Tax Return Preparer. If you suspect a return preparer filed or changed the return
without your consent, you should also file Form 14157-A, Return Preparer Fraud or
Misconduct Affidavit. You can get these forms at IRS.gov or by calling 800- TAX-FORM
(800-829-3676)

Call today, don’t delay! See how this affects you. We can be reached at 602-264-9331 and on all social media under azmoneyguy.

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