If you recoil at the thought of preparing your own tax return and wonder how you can find a good certified public accountant (C.P.A.) or tax accountant, you’re not alone. According to the I.R.S., of the more than 138 million tax returns e-filed through November 22, 2019 (for the 2018 tax year), about 58 percent were prepared by a tax professional.
At Wirecutter, a product review site owned by the New York Times, we have found that hiring a C.P.A. or tax pro can take the time-consuming and often frustrating task of deciphering I.R.S. rules and forms off your shoulders. However, hiring the wrong person can do more harm than good.
Why you need to be careful when choosing a C.P.A.
Each year, the I.R.S. compiles a “Dirty Dozen” list of tax scams. Although the scams are wide-ranging, many of them include actions taken by shady tax preparers, such as promising inflated refunds, falsely claiming deductions and credits, or encouraging clients to avoid their tax obligations.
Unfortunately, just about anyone can become a paid tax preparer. Most states have few to no requirements for certification, training, or even competency testing…Read more>>