Steps to Finding
the Right Clergy Tax Professional
The American Institute of Certified Public Accountants encourages the more than 81 million taxpayers who hire professional assistance each year to make an appointment early in the year with their tax preparer before their schedules fill up. "The tax code is like a thousand-page instruction manual that's always changing. Reading, interpreting and applying this technical document is no easy feat for the untrained eye. In this tough economic climate, taxpayers can't afford to leave money on the table. So, they should only work with a tax advisor who's up-to-date on the latest clergy tax law changes." Six tips to help taxpayers find the right clergy tax professional: 1. Ask about experience. Inquire about the tax preparer's years of experience and continuing education. Does the preparer have the tax knowledge to accurately represent your interests? Many Americans don't realize how important up-to-date training is when selecting a tax advisor. A recent survey from The Tax Institute found 76 percent of participants failed to list "knowledge of current clergy tax laws" as an important trait when picking a tax professional.
2. Know their area(s) of expertise. A sick patient wouldn't see an orthopedic doctor for a head cold, and clergy shouldn't use a tax preparer who's not an expert in clergy tax law.
3. Protect sensitive data. Tax professionals review earnings statements, investment records, Social Security Numbers and other private information. Make sure you trust the tax preparer to review and protect your confidential data.
4. Do a background check. Investigate the tax preparer's history with the IRS Office of Professional Responsibility. If the organization has a complaint against the tax professional, think twice before using his or her services. 5. Understand availability. While taxes are typically prepared January - April, the IRS corresponds with taxpayers throughout the year. So, it's important to select a tax company that's available after April 15.
6. Only claim what's legal. Avoid tax preparers who say they can obtain larger-than-average refunds. Refund estimates should be based on deductions and credits taxpayers are legally permitted to claim. Regardless of who prepares the return, the taxpayer is legally responsible for the information on the return. Researching the best clergy tax professional now can prevent significant financial and legal harm later.
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