What Is a Tax Preparer?
A tax preparer is anyone who charges a fee to complete an income tax return. Paid tax preparers vary widely with regard to the fee they charge and their company affiliation. However, many preparers adhere to the same guidelines and requirements as outlined by the IRS.
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Types of preparers include certified public accountants (CPAs), franchise employees (Jackson Hewitt, H&R Block) and independent preparers.
Cost
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Tax preparers are free to determine their own fees based on the complexity of the taxpayer's return. However, according to the National Society of Accountants, the average cost for completing a tax return is $115.
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Preparer Responsibility
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Paid tax preparers are required to complete and sign the paid-preparer section of your income-tax return.
Oversight
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Complaints against tax professionals should be forward to the Internal Revenue Service's Office of Professional Responsibility. In addition, instances of suspected tax fraud should be reported to the IRS using Form 3949-A (see Resources below).
Considerations
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Choose a tax preparer who is listed in a professional directory or works for a legitimate business. Business complaints can be researched through the Better Business Bureau.
Warning
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As the taxpayer, you are responsible for the accuracy of all information listed on the tax return.
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