This mad rush occurs somewhere around April. Well, at a personal level, tax services can be quite straightforward and direct. For individuals and businesses with a load of income generating activities, preparing and filing their tax returns can be quite challenging. In this case, one needs to walk with professionals that offer tax preparation services. There are many types of tax preparing professional and tax preparation services today. What are the services provided by these different tax-planning professional?
Tax Preparation Services
This is one of the most common services provided by tax planning professionals. Ideally, this service entails preparation and filing returns. There are many types of tax preparation professionals in the market today. These service providers range from small companies with certified professionals to huge corporations with experienced accountants. As such, it is advisable to observe maximum precaution when choosing tax preparers. Work with a certified professional that is well versed with tax codes.
There are many levels and types of tax preparation. But the Certified Public Account (CPA) is the most common type of certification. A CPA should have a degree in accounting, and should take annual classes for recertification to ensure that are well versed with new tax laws. Besides, a CPA can also offer business, financial and tax planning advice.
Attorneys can choose to specialize in a particular area of the law. Some of them can opt to specialize in tax law. As such, tax lawyers help their clients deal with tax disputes, creating tax shelters and do paperwork for huge corporations. When looking for a tax attorney, it is advisable to confirm with the bar association about the qualifications of the attorney in question.
The role played by enrolled agents is quite different from that offered by CPAs. Ideally, enrolled agents are individuals certified by IRS to represent taxpayers. However, these professional do not have a set training course or area of training, but they have to pass a certification exam. As such, their primary role is to provide their clients in making tax audits, investigation and can help in preparation of tax returns.
Before choosing a particular tax-planning professional, it is advisable to determine your needs fist. If you need a straightforward return, you should consider working with a CPA. Besides, for tax issues that have legal implications, you can talk to a tax attorney. Each tax professional does his role within the confines of their specialization.