Tips by Nationwide Tax Consulting for Choosing a Consultant

Are you stuck on choosing a tax preparer? Well, One Size Fits All is not going to work here, and you need to be picky while choosing a preparer. The good one can save you a lot of money, and the bad one could cost you a lot of money.

During tax season, quality and time are two essential aspects. First of all, you can go for online filing of taxes if you understand tax codes and willing to fill the forms. Keep in mind that mistakes in filing could cost you extra money by delaying your filing and can even affect your refund. So if you are not familiar with the process, then a tax preparer would be the right choice for you.

When you are in a hurry for choosing a professional, you could be looking for past crucial warning signs when choosing your tax preparer. Here are some red flags for tax preparers:

• Preparers who promise larger refunds without a consultation.
• Preparers who plan on depositing your refund into their bank account or taking a portion of it.
• Your preparer does not offer IRS e-file. If you pay a tax preparer, and they file more than ten returns, they must file your return electronically.
• Preparers who do not ask for records and receipts if you are itemizing or reporting expenses.
• A preparer who goes against the IRS and claims you can use your last pay stub instead of your income statement.
• A paid preparer who does not sign your return and does not include their PTIN.

A tax consultant can get you a larger refund, there is no doubt, but it's only possible for them to tell you after looking into your situation. If you are being asked without any consultation or discussing your matter, consider it a scam.

Choosing an individual might be a challenge for you, but it would be easier to track the background of a company such as Nationwide Tax Consulting. You can check reviews and find references to measure their work success and make your decision accordingly.