BBB Shares Tips for Filing Your Tax Return - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

BBB Shares Tips for Filing Your Tax Return

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For those who still need to prepare their taxes, the BBB has some important tips to consider before proceeding:

  • Taxpayers are legally responsible for their tax returns even if prepared by someone else. So it is important to choose carefully when hiring an individual or firm to prepare your return.
  • New regulations require all paid tax return preparers to have a Preparer Tax Identification Number (PTIN).
  • The IRS advises only using tax specialists, who sign the returns they prepare and enter their PTINs.
  • Check credentials –- Is the preparer a CPA, a tax lawyer or an enrolled agent? Will the preparer sign your return and provide you with a copy?
  • Check accessibility –- You may need to contact your preparer after the tax season is over. Will they be available? 
  • Be wary of promises –- Until the preparer knows your situation, there is no way to know whether you'll get a refund or how big it will be. 
  • Know what the service will cost –- Does the fee cover changes to your return? Will it increase if you have a complicated return? 
  • Ask if the preparer will represent you in case of an audit.
  • Make sure your refund that is due is sent directly to you or deposited into an account in your name.
  • Review the return before signing it. Never sign a blank return. Make sure you receive a copy of the return for your own records, and make sure the paid preparer signs the return.

For more tips, go to www.bbb.org or call the BBB's toll free number, 800-649-6814.

 

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