When it comes to talk about paying tax people often do not think
of knowing what are benefits of paying tax and why must do? People do not try
to know more about taxation, rather its an important thing one must consider as
people are paying tax from their hard earned money. A person do not have to study about taxation
but simply hire a tax advisor or preparer, rest he will manage your taxes.
According to the survey of tax preparer or
tax advisor to file our return tax but hardly any of them know much about it.
In a survey its been found that at least
80% people hire tax preparer but never asked them about preparers credentials, approximately
75% people never asked them if the preparer represent them in a tax audit. Here
you will come to know the importance of a tax preparer and why one must hire
1. Ask them for PTIN (Preparer Tax
Identification Number) –
The one who prepare or assist in preparing
the federal tax return for tax compensation must have a PTIN. PTIN is required
by the Internal Revenue Service at the time of filing return. While hiring any
advisor from Top CA Firm in Dombivali,
one must ask about their PTIN which defines that they are certified for this
2. Enrolled agent designation or require
CPA, law and license –
Like PTIN other mandate things must be
probed from the advisor about the CPA, law and licence. The one who is expert
in this field must have all these necessary details and would be the right one
to assist in tax related duties.
3. Look for their organisation or
If you are facing problem in searching individual
advisor, so try to go with the organisation or membership. There are certain
tax paying organisations can be easily found online which can help in tax
related matters. Those who search for Tax
Advisory Dombivli organisations should visit online websites and contact
4. Compare fees –
How much do the taxes preparer charge you?
The average fees for preparing a tax return for state with itemised deduction
is 17389 or a tax return for state without itemised deduction is 11199.
Its highly important to check the charges
how much they want to pay from you and it’s possible they change their fees
whenever see your family background so be careful about it.
5. Reconsider those who don’t e-file –
The IRS requires any paid preparer who does
more than 10 returns for clients to file electronically via the IRS’ e-file
system. If your tax preparer doesn’t offer e-file, it may be a sign the person
isn’t doing as much tax preparation as you thought.
6. Confirm that they would singed on the
dotted line of tax return paper –
The law requires paid preparers to sign
their clients’ returns and provide their PTINs because it is necessary to
approve your tax. Never sign a blank tax return the preparer could put anything
on the return, including their own bank account number so they can steal your
detail, your pins or password or more important your refund.
Those who are new to hire Accounting
Service in Dombivli must follow above mentioned tips to avoid