Tax season is a common time of year when people start scrambling to find an accountant for assistance with their returns and finances. Since there are a large number of accountants operating today, locating the best accountant for your needs may be a bit difficult. To help you find an ideal professional, here are a few tips.
Ask Around: Talk to people you know, and ask who they recommend for an accountant. If you know someone who has a similar financial situation to your, start by asking who they use and if they are pleased with their services.
Use Caution: Accountants who make promises of large refunds or offer to deduct every possible expense you have is probably not the best accountant for tax season. Even though you hired a professional to prepare your return, you are the one who is responsible for what is filed.
Look at Enrolled Agents: Enrolled Agents (EAs) are a type of tax professional who has undergone in depth background checks by the IRS and has passed a strict test. EAs often provide exceptional assistance for those who have very complex tax situations.
Find a Certified Public Accountant: Certified Public Accountants (CPAs) are licensed in the state in which they work, and have passed a difficult CPA examination. Some CPAs specialize in particular areas, such as business taxes, general taxes, or audits, and are best at handling issues that may be somewhat complex.
Consider a Tax Attorney: When looking to find an accountant, a tax attorney may be your better option. Tax attorneys are legal representatives who specialize in tax law. These attorneys often have a law degree in taxation (known as an LL.M.) and are required by law to hold a juris doctor degree (J.D.). Tax attorneys can handle difficult situations such as assisting you in tax court, or filing estate tax returns.