Who Needs a Tax Preparer?
It is not necessarily your level of income, but rather the complexity of your return that determines your need for a tax preparer. If you have experienced a major lifestyle change, such as a divorce or a drastic change in your financial situation, you want to hire a tax preparer. Other factors that may trigger the need for professional help include owning a home-based business, claiming substantial itemized deductions, or owning rental property. Similarly, you should probably seek assistance from a CPA or tax attorney if you need to claim a major casualty loss, account for a change in child custody, or deduct investment-related expenses. Types of Tax Preparers • Local Tax Services Offices that open up in rented storefronts just during tax season. • National Chains National chains or other commercial services offer convenience. During tax time their offices are open nights and weekends, and you can walk in for service on a first-come-first served basis. Their staff is required to underg
