If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. Currently, New York State has no licensing laws for tax preparers; anyone can “hang out a shingle” and set up shop as a tax preparer. Most return-preparers are professional, honest and provide excellent service to their clients. Here are a few points to keep in mind when choosing someone.
• Referrals. Ask everyone you can think of: family, friends, co-workers, business owners and financial advisors. Also, it will help to ask someone who has a similar income-tax situation to yours.