1. What training and experience does the tax professional possess? Over 40 million U.S. taxpayers pay someone...
Question:
1. What training and experience does the tax professional possess? Over 40 million U.S. taxpayers pay someone to do their income taxes. The fee for this service can range from $40 at a tax preparation service for a simple return to more than $2,000 to a certified public accountant for a complicated return.
TYPES OF TAX SERVICES Doing your own taxes may not be desirable, especially if you have sources of income other than salary. The sources available for professional tax assistance include the following:
Tax services range from local, one-person operations to national firms with thousands of offices, such as H&R Block.
Enrolled agents—government-approved tax experts—prepare returns and provide tax advice. You may contact the National Association of Enrolled Agents at 1-800-424-4339 for information about enrolled agents in your area.
Many accountants offer tax assistance along with other business services. A certified public accountant (CPA) with special training in taxes can help with tax planning and the preparation of your annual tax return.
Attorneys usually do not complete tax returns; however, you can use an attorney’s services when you are involved in a tax-related transaction or when you have a difference of opinion with the IRS.
Step by Step Answer:
Focus On Personal Finance
ISBN: 9781259919657
6th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart