Most people aren’t fond of doing their taxes. Most prefer not to think about taxes at all until the final days leading up to the official deadline to file.
However, if you expect your taxes to be more complicated this year, it might be a good idea to start thinking about them sooner rather than later. For example, if you inherited property, got married, or somehow won the lottery, you may want to get some professional insights from a tax advisor.
A tax advisor, also called a tax consultant, is defined as someone with expertise and training in the complex nature of tax laws. In most instances, businesses or individuals will hire a tax advisor in order to minimize the amount of taxes they need to pay while staying compliant with state and federal regulations. A tax advisor might also be hired by someone who is facing potential charges from authorities due to issues with their tax documents.
It’s important to note that not all tax advisors are created equal, however. Before you hire a tax advisor, make sure they meet the following criteria in order to get the best service and results:
- Ask them to provide their preparer tax identification number (PTIN). Anyone who is paid to help others file their taxes is required by the IRS to include their PTIN on their clients’ tax returns.
- Look for credentials. A certified public accountant (CPA) will have the knowledge and experience needed to give you high-quality tax advice.
- Make sure they’re qualified to represent you in case of an audit. The most qualified tax advisors will be able to argue your case if the IRS questions your tax returns.
For personalized tax advice and tax preparation services, connect with our friendly team today!