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Kick The Tires When Picking A Tax Preparer

Monday, February 18, 2013 - 6:16 PM
It's that time of year again.  From Bloomberg:
Storefronts for tax preparation chains have sprouted across the nation. They're starting to look like supermarkets, with window ads offering discounts and other enticements. But how many taxpayers really think it through when choosing a tax preparer?

The choice can have serious consequences -- the slightest misstep can land you squarely on the IRS's radar screen. Once there, the legal burden is on you to resolve any problem, regardless of who made the error. 

[...] in recent years the IRS has been working hard to better regulate the tax preparation industry. At a minimum, it requires that all individuals who prepare income tax returns for compensation obtain and annually renew Preparer Tax Identification Numbers (PTINs) and include them on every tax return they prepare. The IRS has also stepped up efforts to root out unscrupulous preparers.

Here's the generally recognized spectrum of income tax return preparers and a guide to some acronyms you may come across:


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pearlbrownpearlbrown1,491 posts since
Nov 2, 2010
Rep Points: 6,486
1. Tuesday, February 19, 2013 - 4:22 PM
i agree tax prepares can rip you off it happened to me  do extereme do dilligience a serious issue imho
ilklessilkless4 posts since
Feb 12, 2013
Rep Points: 5