The IRS urges you to choose a preparer wisely

Ten Tips to Help You Choose a Tax Preparer

IRS TAX TIP 2012-06, January 10, 2012

This entire article taken from the IRS website http://www.irs.gov/uac/Ten-Tips-to-Help-You-Choose-a-Tax-Preparer

Many people look for help from professionals when it’s time to file their tax return. If you use a paid tax preparer to file your return this year, the IRS urges you to choose that preparer wisely. Even if a return is prepared by someone else, the taxpayer is legally responsible for what’s on it. So, it’s very important to chooChoosese your tax preparer carefully.

This year, the IRS wants to remind taxpayers to use a preparer who will sign the returns they prepare and enter their required Preparer Tax Identification Number (PTIN). 

Here are ten tips to keep in mind when choosing a tax return preparer:

  1. Check the preparer’s qualifications. New regulations require all paid tax return preparers to have a Preparer Tax Identification Number. In addition to making sure they have a PTIN, ask if the preparer is affiliated with a professional organization and attends continuing education classes. The IRS is also phasing in a new test requirement to make sure those who are not an enrolled agent, CPA, or attorney have met minimal competency requirements. Those subject to the test will become a Registered Tax Return Preparer once they pass it.
  2. Check on 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 Enrollment for enrolled agents.
  3. Ask about their service fees. Avoid preparers who base their fee on a percentage of your refund or those who claim tTax Timehey can obtain larger refunds than other preparers. Also, always make sure any refund due is sent to you or deposited into an account in your name. Under no circumstances should all or part of your refund be directly deposited into a preparer’s bank account.
  4. Ask if they offer electronic filing. Any paid preparer who prepares and files more than 10 returns for clients must file the returns electronically, unless the client opts to file a paper return.  More than 1 billion individual tax returns have been safely and securely processed since the debut of electronic filing in 1990.  Make sure your preparer offers IRS e-file.
  5. 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.
  6. Provide all records and receipts needed to prepare your return. 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. Do not use a preparer who is willing to electronically file your return before you receive your Form W-2 using your last pay stub. This is against IRS e-file rules.
  7. Never sign a blank return. Avoid tax preparers that ask you to sign a blank tax form.
  8. 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.
  9. 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.
  10. Report abusive tax preparers to the IRS. You can report abusive tax preparers and suspected tax fraud to the IRS on Form 14157, Complaint: Tax Return Preparer. Download Form 14157 from www.irs.gov or order by mail at 800-TAX-FORM (800-829-3676).Print

If you are in need of a Proficient, Personal, and Professional Tax Preparer that meets the IRS suggested standards then give us a call today!

Phone:  256.332.2004

 

 

It’s time to send out 1099’s!

1099_MISC_2_holgaJanuary 31, 2014 is the deadline for businesses to furnish Form 1099 statements reporting non-employee compensation of $600 or more.  As always, we are happy to take care of this for you but need you to provide the amounts, names, addresses, and social security numbers if you have not already done so.

You may deliver the information through one of the following:

Call us: 256.332.2004

Mail it:  P.O. Box 866 Russellville, AL 35653

Fax it: 256.332.8254

Email it: 1099@joemtuckercpa.com

Or bring it by the office during business hours.

Thanks for your prompt response!

Joe M Tucker CPA, PC

TAX TIME IS HERE!!

It’s our pleasure to serve your tax needs each year.  In an efappointment2fort to serve you most efficiently we want to remind you to make your appointment as soon as possible.  You may also drop off your information without an appointment at any time and we will be happy to call you if we have any questions.

To complete your return without an extension please make your appointment or drop off your information no later than March 28th

Thank you for being our client and allowing us to assist with your tax and financial needs! As always, we are grateful for your referrals in 2014!