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5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season

CTP

Do you feel that you pay too much in tax? The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. You’re not alone.

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Evaluating a Tax Preparer: Determining a Fair Fee

CTP

As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. For instance, how do you determine if a tax planner is charging a reasonable fee? A reliable guideline is that a fee should represent a fair exchange of value. Surely not!

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Evaluating a Tax Preparer: Understanding Reasonable Tax Positions

CTP

One of the many benefits of working with a tax professional is the guidance they provide in developing tax return positions that substantiate why certain income qualifies for tax-exemption or why you are eligible for a certain tax deduction. This is actually a lower standard than some may assume.