Posted on | February 4, 2010 | 1 Comment
How to Get Tax Help?
It’s a highly stressful activity to prepare your taxes. In many occasions, it’s found to be beneficial to look for some tax help. O’ My God, Save My Soul!
At the time you file your taxes; you might look into finding someone or possibly find a computer -software. Here, let’s focus on a living person and try to understand a tax professional. In fact, you will find many people who will be able to help you with different levels of expertise.
A tax preparer normally has the least expertise for filing taxes. These are trained professionals who can conveniently do a return filing. For example, the people who work at H&R Block represent a big collection of preparers. One main advantage to them is that tax preparers charge a cheaper rate. Remember that most of the time the service will match the payment.
Enrolled agents are the individuals who undergo licensing through the IRS. Compared to a tax preparer, the enrolled agent can also assist you with your auditing. They are an advanced type of tax preparers; however, knowledge and quality of work will vary from one agent to the next. Because of their own interests, some agents excel and remain on top. Others may not be as impressive with their performance.
Certified Public Accountant (CPA)
The CPAs obtain their licenses through lot of toil. It requires tremendous study to get a CPA license and moreover passing the licensing test is not easy. In cases where your financial situation is really complicated or unique, you should approach a CPA for your taxes. As a matter of fact, you should use a CPA all year round to help you plan your finances so that you can save money on tax payments.
CPAs are very costly as they normally charge around USD 200 to USD 300 per hour of service. In fact, most of them are worth paying the money for their services. If you need a CPA, then go for one who is proactive. The proactive CPA will tell you all about your finances and life planning. They will come up with suggestions for significantly lowering your tax payments. Normally, the savings are going to “more than justify” their high fees, and in the long run you will be happy.
So, out of the three, which one will you pick? It completely depends upon the complicacies of your finance. Suppose you are a salaried person with a gross annual income of USD 50,000; then a simple tax preparer can do the job for you. In case you have a small business, then finding an efficient CPA is advisable for you.