Questions for Tax Return Experts

Hiring an expert to prepare your tax return is advisable, especially if you’re not familiar with taxation laws and don’t know where to begin. However, not all tax preparers are created equal, so you should do your research to find the right specialist to hire. One step you must take is to ask these questions:

How long have you been in this industry?

Generally, it’s best to hire experienced tax preparers since they know the ins and outs of tax preparation and make minimal or even zero mistakes. So, when looking for a tax preparer, choose one with years or even decades of experience in the field.

What’s your specialty?

Different tax preparers have different specialties. Some focus on helping startups and small businesses, while others specialize in assisting tax-exempt organizations. Still, others concentrate on assisting individual taxpayers who have numerous investments. If you have a special financial situation, you’ll want to hire someone who has dealt with circumstances that are similar to yours.

Are you familiar with the tax laws in my locality?

Federal tax rules stay the same no matter where you are in the country. However, this isn’t the case with local and state-level tax regulations. Because of this, you have to look for a tax preparer who’s familiar with the tax laws and requirements in your specific state, city, or municipality. This is particularly important if you’ve moved from one state or city within the year or if you live and work in different states.

How do you calculate your fees?

Ideally, your tax preparer should base their fees on the complexity of your tax return. The more complicated your return, the higher the fee you’ll have to pay. Be wary of preparers who ask for a percentage of your anticipated tax refund: this gives them the incentive to use credits and deductions that you’re not really eligible for, which can lead to legal problems down the road.

Find the right tax preparer by asking these questions! If you’re in Bakersfield, CA, there’s no need to worry since you can always trust Tax Etc. Call us today at (661) 615-2180 to take advantage of our tax preparation services!

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