FINDING THE RIGHT TAX PREPARER

The tax code is complicated, and it just keeps getting more difficult with every passing year. The rules and regulations that govern IRS operations total tens of thousands of pages, and every new legislative session just adds to that total.

WRITER: B.D. CONRAD

There is not much you can do to make doing your taxes less complicated, but there is plenty you can do to reduce your burden and stress level. If your tax situation is complicated, it may be time to seek the help of a professional. A good tax preparer will help you identify deductions you may have missed, explain the complicated IRS rules and regulations, and make tax time less taxing. Not all tax preparers are equally skilled, and finding the right one is not an easy task. Knowing what to look for in a tax preparer is very important, and here are six essential qualities to find when seeking professional help and guidance.

A deep knowledge of IRS rules and regulations

A good tax preparer will have a strong interest in tax legislation and an in-depth understanding of how those rules apply in the real world.

Experience inside the tax system

A tax preparer who has worked for the IRS may have a better understanding of how the system actually works and will be able to use that knowledge for your benefit.

Years of experience

The tax code is always changing, and the most experienced tax preparers have seen the rules come and go. Experience level matters in tax preparation, so look for a professional with a strong track record of success.

The ability to simplify tax terms

The tax code can get pretty complicated, but a good tax preparer can break things down into easy to understand terms.

Reasonable fees

While price should not be your only consideration when hiring a tax preparer, you want a professional who charges reasonable fees. Keep in mind that a good tax preparer can pay for themselves by helping you find additional deductions and boosting the size of your refund.

A valid PTIN

Anyone who files taxes on the behalf of others must have a valid preparer tax identification number (PTIN). Always make sure the tax professional you are working with holds a valid PTIN.

Nothing can make filing your taxes a pleasant task, but hiring the right professional can make it a bit easier. Knowing which qualities to look for in the professional you hire can give you extra peace of mind and help you get the value you deserve.