Tax Time: BBB Consumer Tips for Choosing the Perfect Tax Preparer!

The IRS will begin receiving 2023 tax returns on Monday, Jan. 29, with a filing deadline of Monday, April 15.

Tax preparation requires the help of a reputable tax expert, especially if there are substantial life changes, company ownership, or a lack of information about changing tax regulations. Considering the variety of tax preparers and their qualifications, the Better Business Bureau (BBB) gives guidelines to assist people pick a reliable financial professional.

Understanding tax preparer differences is crucial. Only EAs, CPAs, and attorneys can represent clients before the IRS on audits and appeals. After IRS approval, EAs are suitable for complicated tax circumstances and charge less than CPAs.

CPAs with accounting backgrounds may handle complex tax planning but charge more. Tax attorneys, who charge the most, advise on sophisticated financial concerns.

Most of the 700,000 non-credentialed tax preparers in the US are regulated by states. Tax preparers should be interviewed thoroughly before employing, according to the BBB. Making an informed selection requires checking credentials, avoiding excessive claims, asking friends and family for references, and checking the BBB for consumer evaluations. A seamless and dependable tax preparation procedure requires evaluating a preparer’s availability and upfront pricing.

As tax season approaches, people should consider these guidelines when choosing a tax preparer for a smooth experience and financial security. Informed and proactive selection can help taxpayers negotiate the difficulties of tax preparation with confidence and peace of mind.