The CEO Discusses The New Tax Preparer Requirements

The CEO Discusses The New Tax Preparer Requirements

The IRS is working hard to protect the Taxpayer from issues that exist with non qualified tax preparers, tax fraud and erroneous tax returns that have increased over the last decade. We hear often in the news reports of tax preparers knowingly reporting fraudulent tax information to boost refunds, sometimes taking a kickback for the service. Our company and staff pride ourselves on providing tax and accounting services with the client in mind. Our goal is to also protect and provide top notch service to each client and assist with any tax issues that may exist. We take full responsibility for what is reported on the tax return, and we sign each return.

We are also complying with the new requirements that include passing examinations testing our knowledge of the tax laws, attending trainings each year provided by the IRS and working diligently to stay abreast of tax issues, and changes that affect our clients. We have listed below the tips provided by The Internal Revenue Service to assist in your search for a tax preparer.

Tips for Choosing a Tax Preparer

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to prepare your return. Most return preparers are professional, honest and provide excellent service to their clients.Here are a few points to keep in mind when someone else prepares your return:

  • Check the person’s qualifications. Ask if the preparer is affiliated with a professional organization that provides its members with continuing education and resources and holds them to a code of ethics. New regulations effective in 2011 require all paid tax return preparers including attorneys, CPAs and enrolled agents to have a Preparer Tax Identification Number.
  • Check the preparer’s history. Check to see if the preparer has a questionable history with the Better Business Bureau and check for any disciplinary actions and licensure status through the state boards of accountancy for certified public accountants; the state bar associations for attorneys; and the IRS Office of Professional Responsibility for enrolled agents.
  • Find out about their service fees. Avoid preparers who base their fee on a percentage of your refund or those who claim they can obtain larger refunds than other preparers.
  • Make sure the tax preparer is accessible. Make sure you will be able to contact the tax preparer after the return has been filed, even after the April due date, in case questions arise.
  • Provide all records and receipts needed to prepare your return. 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.
  • Never sign a blank return. Avoid tax preparers that ask you to sign a blank tax form.
  • Review the entire return before signing it. Before you sign your tax return, review it and ask questions. Make sure you understand everything and are comfortable with the accuracy of the return before you sign it.
  • Make sure the preparer signs the form and includes their PTIN. A paid preparer must sign the return and include their PTIN as required by law. Although the preparer signs the return, you are responsible for the accuracy of every item on your return. The preparer must also give you a copy of the return.

We appreciate our clients business and look forward to working with you this upcoming tax season!!!



Nicole Freeman, Founder and CEO