Tax preparers, Paid Preparers, and Tax Professionals are all classified as individual
Individual Tax Preparer is a generic term describing a variety of professions
including Enrolled Agents, Certified Public Accountants, Financial Planners, Accountants and Tax Preparers.
A tax preparer uses information
provided by an individual to prepare or aid in the preparation of federal, state
and local tax returns. They may also provide assistance to those who have been audited
by the IRS.
Accuracy is extremely important on a tax return. One mistake on a tax return could
cost you hundreds of dollars, or worse, cause the return to be immediately rejected
by the Internal Revenue Service. The process to amend a return that has been rejected
can be time consuming and delay your refund. Avoid simple mistakes by going to a
professional who is trained in tax preparation and less likely to make errors. Most
tax professionals use specialized software to catch and prevent mistakes on returns.
A Paid Preparer is required by law to sign the return and fill in the preparer areas
of the form. The preparer should also include their appropriate identifying number
on the return. Although the Preparer signs the return, you are responsible for the
accuracy of every item on your return. In addition, the preparer must give you a
copy of the return.