Wednesday, February 27, 2008

Ten Things to Consider When Selecting a Tax Pro

From SmartMoney.com is a list of 'Ten Things Your Tax Preparer Won't Tell You'

The first point is a Big Name Won't Necessarily Mean Better Service. This seems rather obvious. In an industry that that hinges on presonal relationships, how can you expect to get qualified guidance and service from a part-time worker in a kiosk at Wal-Mart?

The General Accounting Office found that 'nearly all the returns prepared for us were incorrect to some degree' at the big chain retail tax places. Last year, Jackson Hewitt was accused of cheating the government out of $70 million with fraudulent tax returns mainly using phoney businesses. In the CPA community, the tax outfit in green is known as 'H&R Crock' because it relies almost solely on part-time seasonal labor with only a crash course educational training program.

In coming days a few of the other points will be addressed.

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