Crucial Questions to Ask a Tax Preparers in Carmel CA before Hiring

The thing about hiring a Tax Preparers in Carmel CA is that there is no such thing as one size fits all. It is important to hire the best preparer based on your business needs. Even with that said, there are a few questions you should ask a tax preparation Carmel CA expert to help determine whether they are the right fit for your business.

Do you have a PTIN?

One of the first questions to ask your accountant is whether he has a Preparer Tax Identification Number. This is a legal requirement as anyone who prepares federal tax returns for money must have a current and valid PTIN number. There is an online IRS directory where you can look up PTIN numbers if you have any doubts.

What is your tax background?

You want to make sure that the accountant has passed through specific tax training and testing. Some of the certifications to look out for include certified financial planner CFP, certified public accountant CPA, enrolled agent, EA and annual filing season program AFSP. These are important credentials to ensure that you are getting the right tax accountant.

What are types of tax returns have you filed in the past?

Tax returns are no the same, so it is a good idea to ask whether the accountant has previous experience filing your type of taxes. Experienced accountant on the other hand have a wide scope of expertise and experience filing different kinds of taxes. Consider any special needs you might have such as residency status, occupation or investments and find a preparer who is able to adequately deal with these issues.

What are the requirements for localities and states?

Although federal income taxes do not change from one state to another, the same cannot be said for localities and states. Some localities and states have unique filling requirements particularly where businesses are involved. Things can become even more complicated when living in one state and running a business in another or when moving states. It is therefore crucial to ask your Tax Preparers in Carmel CA whether he knows about filing requirements that apply to your specific situation.

What are the documentation and records requirements?

For a tax consultant to preparer and file accurate and proper returns, they at least require W-2, 1099, 1098 forms. A good preparer should be able to clearly explain what is needed for special circumstances, forms or schedules. The hallmark of a professional is that he is willing to do due diligence by verifying expenses and income.

Choosing the right accounting firm

When considering professional tax preparation for your business, think of Savage Accountancy, APC as your first choice. This accounting firm has massive experience and expertise handling tax returns for both big and small businesses. Make the right financial decision for your business and hire the leading accounting firm.

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