Search

Need help with your taxes? Get a tax advisor

If you are looking for a professional to help you out, here are a few things to consider when choosing the right tax advisor.
tax-advisor
Need help with your taxes? Get a tax advisor
Before you make a decision on a tax advisor or a tax preparer, make sure to check their history and reputation in the industry.
In this article

Let’s face it, even if you know exactly how to file your taxes, it can be quite a tedious process. It’s probably the reason why a large number of taxpayers choose a tax advisor or tax preparer to help them file their tax returns. 

Top 5 tips for choosing a tax advisor

Look for credentialed tax advisors 

While this seems like a fairly obvious first step, you would be surprised at the number of people who don’t verify the tax advisor’s credentials. There are many who will claim to be experts but not have any proof to back it up. Look for tax preparers who have been certified by the IRS or a state regulatory board. Professionals with credentials validated by the CPA (certified public accountant) are usually a safe bet. Their certification implies they have a college degree in accounting, and also meet the ethical requirements to earn their license. 

Compare service charges 

Like you do with most goods and services that you purchase, make sure you do your research on the fees charged by the tax preparer. The cost of having your taxes done by a professional varies based on a number of factors. They include the professional’s experience, the complexity of your tax returns, and the state in which you live.   

An obvious red flag is when a tax preparer’s fee is a portion of your refund. This can make you vulnerable to some fraudulent activity where the preparer might make sketchy tax breaks to charge you a higher fee.  

Look into their track record 

Before you make a decision on a tax preparer, make sure to check their history and reputation in the industry. This is extremely important because you will be handing over sensitive information such as your Social Security number and your financial information. You can check their grade on Better Business Bureau and also check on customer complaints, violations, and false advertising. 

Get hold of their PTIN

If you are appointing a professional to do your taxes, ask them for their Preparer Tax Identification Number (PTIN). The PTIN is a mandatory requirement by the IRS for anyone who charges a fee to prepare federal tax returns. If you see the phrase ‘for compensation’ anywhere, you also have to make sure they add their PTIN on your form. 

Confirm that they will sign your tax return 

This ties back to the tax preparers PTIN. The IRS allows any tax professional to add their PTIN to their client’s tax returns. If the person you plan on hiring seems hesitant about doing so, this is a big red flag and is most likely a scam to steal your refund. 

Other points to consider while choosing a tax advisor:

  1. Make sure they provide the option of e-filing.
  2. Do not give the tax advisor any of your sensitive information before you have decided to use their services. 
  3. Always double check your bank account number in Form 1040 before you sign your tax return. 
  4. When e-filing, make sure the preparer uses Form W-2.
  5. Do NOT ever sign a blank tax return.

If at any point you learn that the tax advisor you hired is dishonest with their practices, you have to report them to the IRS. Form 14157 is submitted for issues related to changes in your returns that you did not authorize, tax violations and identity theft. Also, check out Beem Tax Calculator to get a quick and accurate estimate of your federal and state tax refund.

Was this helpful?

Did you like the post or would you like to give some feedback? Let us know your opinion by clicking one of the buttons below!

👍👎
Neehara Sanjivi

Neehara Sanjivi

A writer whose interests range from poetry and origami to neuroscience and anthropology, Neehara has a master’s degree in psychology and online tutors undergrad students in her spare time. Her life is overrun by cats, plants and the occasional flock of pigeons.

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

Related Posts

Do Homeless People Pay Taxes
Do Homeless People Pay Taxes?
Being homeless is a complicated problem that affects a huge number of people all over the United States. Some of them pay taxes, but not all do. Here's a detailed guide to help through paying taxes for homeless people.
List of Tax Deductions for Lawn Care Business [2024]
Do Nursing Home Residents on Medicaid Need to File Income Taxes?
Do Nursing Home Residents on Medicaid Need to File Income Taxes?
Low-income people obtain health insurance through Medicaid. If you are covered under this program, you may not have to file income taxes if your income is below the filing threshold. Let's read on to know more!
game-show
Taxes on game show winnings and prizes: How much tax you have to pay?
Winning at least $600 is likely to result in a 1099-MISC tax form being sent by the awarding entity to both the winner and the IRS. If no form is received, the winner is still obligated to report the winnings value.
60000 after tax
60k a year is how much a month/week/hour after taxes?
If you earn a yearly salary of $60,000, it is crucial to know the amount of income tax you are obligated to pay. Planning ahead and determining the income tax rate on a salary of $60,000 per year can help you efficiently navigate the tax filing process. Calculating how much you owe can be a daunting task, but our blog provides a useful breakdown to help you determine the amount of tax you need to pay this year.
W2 Form 2024: Everything You Need to Know
The IRS requires employers to send their employees a copy of their W-2 form by January 31 or face penalties. Even if you have quit your job, your last employer can send you a W-2 by  January 31 or earlier, in which case the employer has 30 days to provide it.
Features
Essentials

Get up to $1,000 for emergencies

Send money to anyone in the US

Ger personalized financial insights

Monitor and grow credit score

Get up to 20% on everyday spends

Save up to 40% on car insurance

Get up to $1,000 for loss of income

Insure up to $1 Million

Coming Soon

File federal and state taxes at low cost

Quick estimate of your tax returns

Get up to $1,000 for emergencies

Send money to anyone in the US

Save big on auto insurance - compare quotes now!

Zip Code:
Zip Code: