This year, United States taxpayers must file their income tax forms before the April 18, 2022, deadline. Major life changes, business ownership, or simply a lack of knowledge about the ever-changing tax laws make finding a trustworthy tax preparer a good idea for many people. The Better Business Bureau warns, not all tax preparers have the same level of experience and training.
Katie Galan with the Better Business Bureau has some tips for finding someone you can trust with your finances and sensitive personal information.
Which type of tax preparer is right for you?
“First it’s important to understand the different types of tax preparers and their qualifications. Only enrolled agents, certified public accounts and attorneys may represent their clients to the IRS on matters such as audits, collection issues, and appeals,” said Galan.
Enrolled Agent or an EA is a tax preparer that the IRS has approved to represent taxpayers. An EA must either have prior qualifying employment with the IRS or pass an intensive two-day exam on federal taxation and complete a background check. To maintain EA status, they must complete a specified number of credit hours each year of continuing education in accounting methods and tax regulations. An EA may work independently or as part of a firm and may specialize in specific areas of tax law.
An EA is a good option if you have a more complex tax situation. However, you’ll want to make sure their area of expertise applies to your situation. An…
