Try on these tax tips

Print Article

That dreaded deadline is fast approaching. Even to sophisticated taxpayers, regulations are not only complex, but can change too fast to keep up. Online services may be cheap, but sometimes miss potential deductions and nuances; our accountant has been well worth his fee to this middle-class household.

If you haven’t chosen a tax preparer by now, you’ll need to act fast — but don’t let the rush get in the way of good judgment. There are many reputable CPAs and services around, but the feds warn of refund scams and return-related fraud.

Consider these tips from the IRS:

• Be skeptical of those who promise larger refunds than competitors.

• Avoid those who base fees on a percentage of the refund.

• Use a reputable tax professional who signs your tax return and provides you with a copy.

• Consider whether this preparer will be around to answer questions years after the return is filed (you could be audited).

• Review the return before you sign, and ask questions about what you don’t understand.

• No matter who prepares your return, you, the taxpayer, are legally responsible for what’s on it. Never sign a blank or incomplete form.

• Investigate credentials. Only attorneys, CPAs, and enrolled agents (who pass a federal test) can represent taxpayers before the IRS.

• Choose one affiliated with a professional organization which offers continuing education and resources, and holds members to a code of ethics.

• Ask for references.

Reputable preparers want to see your receipts and ask questions to determine qualifications for expenses, deductions, etc. to avoid penalties, interest or additional taxes down the road.

For more information, forms, and tips see IRS.gov.

•••

Sholeh Patrick, J.D. is a columnist for the Hagadone News Network. Contact her at Sholeh@cdapress.com.

Print Article

Read More Sholeh Patrick

You’re a grand old (living) flag

June 14, 2018 at 5:00 am | Coeur d'Alene Press What is it about a piece of cloth that can cause such intense emotion? Nearly two and a half centuries after a painful war of independence and its official adoption by the Continental Congress on Jun...

Comments

Read More

Tough guys take care of themselves

June 12, 2018 at 5:00 am | Coeur d'Alene Press For men and all who love them: This is Men’s Health Week — a perfect prelude to Father’s Day. Since memorialized by congressional resolution in 1994, the annual program heightens awareness of commo...

Comments

Read More

NATO: Why keep a boot in Europe?

June 07, 2018 at 5:00 am | Coeur d'Alene Press Mrs. Language Person stumbled in Tuesday’s column about acronyms and initialisms, defining NATO as the North Atlantic Treaty Alliance. Turns out, that’s not entirely wrong. While the “O” indeed stand...

Comments

Read More

MLP: Taken to the acronym woodshed

June 05, 2018 at 5:00 am | Coeur d'Alene Press Let it not be said that Mrs. Language Person, that Snitty Old Biddy, is infallible. Mais non; in fact, learn she did from one Mr. Intern Person (with initials MG). What lovely irony; he who endeavore...

Comments

Read More

Contact Us

(208) 664-8176
215 N. Second St
Coeur d'Alene, Idaho 83814

©2018 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X