The deadline for filing income tax returns is April 15 and will be here before you know it! Your BBB has some tips for selecting a reputable tax preparer and avoiding those who may be problematic:
• Check on qualifications. Ask about their training, experience, knowledge of current tax law, and whether they are members of a professional organization with continuing education requirements and a code of ethics.
• Learn about their service terms in advance. Find out whether they guarantee the accuracy of their work and amend the return if there’s a mistake.
• Ask for references. Obtain referrals from satisfied clients.
• Beware of phishing emails. Beware of any emails that appear to be from the IRS. Do not give any personal information or click on any links. Contact the IRS directly if you receive such an email.
• Check the company’s BBB Business Review. Work with BBB Accredited Businesses, visit findacompany.org or call 303-758- 2100.
BBB advises consumers to steer clear of tax preparers who sound too good to be true. Beware if they:
• Boast they can obtain larger refunds than their competitors.
• Pressure you to sign up for immediate payment of your refund. This involves a loan that typically carries a high interest rate.
• Base their fee on a percentage of the refund amount, rather than the complexity of the tax return.
• Don’t ask to review your records and receipts, or discuss whether you qualify for certain expenses and deductions.
Once your income tax return is prepared, make certain the preparer has signed it and obtain a copy and payment receipt for your records. Be sure to review the return before signing it and ask for clarification of any entry you may not understand.