Having a good tax CPA is crucial to staying out of trouble with the IRS, particularly if you have multiple income streams or if you have business income and loss. Tax preparation has become a commodity in recent years and all types of tax preparers, from the big-name firms to your cousin-in-law on your Dad's side of the family, are competing for tax prep business and claiming to be a tax master, driving the cost for tax preparation down along with the over-all quality of the average return.
The advantages of using a qualified tax CPA to prepare your taxes instead of just any so-called tax master in the phone book are many. A good tax CPA can help you with more than just tax preparation, as well. They typically offer a cadre of services with the primary objective of minimizing a client's overall tax burden. Services common to a tax CPA offering include:
In your search for a good tax master, we suggest using your network of people you already know to find out who they use for tax preparation assistance and tax planning. The guy that got your friend a "big refund" is not likely the right person. Avoid creating problems for us to solve and you will be better off.
One of the things we've seen time and again are clients who have engaged tax preparers, and even tax CPAs or Attorneys, to try and solve a specific tax problem with the IRS. The problem is that most preparers and tax CPAs aren't accustomed to dealing with the intricate inner-workings of the IRS, particularly the details of the IRS code dealing specifically with IRS tax relief and settlements. The so-called tax master may know everything in the world about tax prep and be completely competent when it comes to sailing through a return. But very few tax CPAs or Attorneys, and even fewer tax preparers, have the kind of experience it takes to adequately handle your tax problem in front of the IRS.
So choose your tax CPA wisely. A true tax master can keep you out of a great deal of trouble with the IRS and can save you money in the long run. But if you have an IRS tax problem, a typical tax CPA may not be the best choice as your tax representative. Just keep in mind that we're here if you need us. Check out our IRS Tax Relief page if you need help resolving a tax problem.