A tax preparation service is a type of business that helps people file their taxes. They also sometimes offer other services such as budgeting and bookkeeping or auditing. These are often done in person or online.
A good tax preparer will pay attention to detail and be able to explain the process to you in a way that makes sense. They’ll also be available to answer your questions, even after the filing season is over.
Some of the most common types of tax preparers are:
A credentialed tax preparer typically has a degree in accounting or another similar field and a background in tax law. They can help you find deductions and credits that can lower your tax liability.
Enrolled agents (EAs)
The EA credential is issued directly by the IRS and focuses on representing taxpayers in front of the IRS. They may be a good option for people who need help with more complex issues like audits and appeals.
A seasoned CPA can be an invaluable resource for anyone facing a complicated or unusual tax situation. They have a deep knowledge of tax laws and regulations, and they can represent you in front of the IRS if necessary.
They have a reputation for being trustworthy and reliable, and they’re likely to be more affordable than an EA. They can also help you avoid scams and other tax fraud.
Their pricing varies on a case-by-case basis. Some CPAs charge more than others, so it’s a good idea to research them and see what you can find out about their prices.
In addition, a good CPA will have a reputation for professionalism and reliability. This means they’ll be quick to respond to questions, make appointments when needed and always provide clear explanations about their fees.
Many CPA firms also offer additional services, such as financial planning and estate tax planning. These services can save you time and money in the long run, and they can be especially helpful for those who have tax-related concerns beyond their basic returns.
Most professional tax preparation firms are well-known in their communities, and they have a sterling reputation for customer service. They’ll take the time to get to know you and your situation, and they’ll offer extras like live assistance if you need it.
Some tax prep services offer free consultations before you pay, so they can explain everything to you and help you decide whether or not they’re the right fit for you. Some companies, like H&R Block, even offer in-person appointments and flexible scheduling options.
A good tax preparer will be able to handle all the paperwork required for your return, including filling out forms and answering questions about your income or expenses. They can also help you get the most tax refund possible.
They’ll be able to guide you through any changes in the tax code and give you advice on how to adjust your payroll withholding or other deductions to make the most of your taxes.