105 MG Tips for Choosing a Tax Pro
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 17 March 2010
⏱️ 6 minutes
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| 0:00.0 | Happy New Year and Welcome to Money Girls Quick and Dirty Tips for our richer life. |
| 0:10.0 | I'm your host, Laura Adams. In this episode I'll share tips on how to choose a tax professional that's right for you. |
| 0:22.0 | Preparing your own tax return can be a time-consuming and hair-pulling experience. |
| 0:28.0 | This is why so many people turn to the tax professionals. |
| 0:32.0 | I receive this question from a listener named Jenna Claire. |
| 0:35.4 | Hi money girl I have a financial advisor but I think I need to hire a tax |
| 0:40.9 | professional too. I always seem to miss deductions I could have |
| 0:44.4 | taken each year so I want someone to help me optimize what I can deduct for my |
| 0:49.3 | personal situation. Can you talk about hiring a tax professional? |
| 0:54.0 | Thanks very much for your email, Jenna Claire. This one's for you. |
| 0:58.0 | So let's get right down to it. How do you know which tax professional is right for you? |
| 1:04.0 | Well, there are several different types of tax professionals. |
| 1:07.0 | You can choose between tax preparers, national tax franchises, independent tax firms, |
| 1:13.6 | CPA's, enrolled agents, and tax attorneys, for example. |
| 1:18.4 | I'll give an overview of each type |
| 1:20.3 | so you can determine which one may be best for your personal situation. |
| 1:25.0 | A tax preparer is someone who's willing to help you complete your tax return for a fee. |
| 1:30.0 | Anyone can run an ad or print a business card and call themselves a tax preparer. |
| 1:35.0 | They may or may not have any specialized tax education or experience. |
| 1:40.0 | So it's critical that you make sure someone who claims to be a tax preparer is truly qualified or comes highly recommended. |
| 1:48.0 | Never work with an unknown tax preparer if your tax situation is at all complex due to ownership of a small business, rental |
| 1:55.8 | property, investments in the stock market, or working outside of the United States, for example. The National Tax Franchises such as H&R Block or Jackson Hewitt |
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