Financity Our Services Personal Tax Preparation

Personal Tax Preparation

GLOBAL STRATEGIES, INSIGHT-DRIVEN TRANSFORMATION

The federal government estimates that 60% of individuals use paid preparers to complete and submit their tax returns. If you are one of these people, it is important to start preparing your documents right away to expedite your tax return. Your preparer may take information directly from you or ask you to complete a questionnaire. Either way, you will need time to gather and organize the information and supporting documents. If you don’t yet have a tax preparer, a great way to find a preparer is to ask friends and advisors (e.g., an attorney you know) to make a referral. Be sure that the person you choose has a Preparer Tax Identification Number (PTIN) showing that they are authorized to prepare federal income tax returns. You should also inquire about fees, which are likely to depend on the complexity of your return. Avoid using a firm that intends to take a percentage of your refund. The IRS has tips for choosing a preparer and offers a link to the IRS directory of preparers (you can search according to the professional's qualifications).