Working With A Tax Preparer: What You Need To Know

Tax season can be a stressful and overwhelming time. Sitting down with your tax preparer should bring you answers, solutions, and an understanding of your financial being.

Before setting foot into your tax preparer’s office, ask them what you should bring. This will ensure you have everything you need for the tax return process. Set yourself up for success by coming prepared.

Talk with your preparer about their history with doing taxes. Beware of false credentials or fraudulent activity. If your preparer promises you a huge return or makes up false information on your return, they may be a fraud. If it sounds too good, it probably is. Remember: even though your tax preparer is filling in the form, it’s legally your responsibility what’s on it.

If your knowledge of accounting and accounting lingo is minimal, it’s never a bad idea to do some research before meeting with your tax preparer. If a term is used that you don’t understand, don’t hesitate to ask them to explain. It’s their job to help you! You can also reference our past blog that touches on some of the common terminology in the accounting field.

If you’re unsure what your tax preparer is saying to you about your money, you need to ask. The most important thing you can do with your money is understand what it’s telling you and what you should do with it. A tax preparer should assist you with this, and if you’re uncertain what’s being said, stop the conversation and ask before moving forward. If you’re not sure why they’re doing or not doing something, ask.

It’s your return and your money on the line. It’s important to make an educated decision on who to trust with your entire financial being. Do your research and ask questions.