The Commissioner also reminded consumers of their rights when hiring a tax preparer and offered some last-minute tips for filing returns. In the rush to complete returns, consumers make rash decisions that could cost them dearly. Choosing a Tax Preparer Tax returns are confusing, complicated, and frustrating. Many consumers simply don't have the time or resources to file their own returns. The IRS estimates that over half of all taxpayers hire a tax preparer to file their taxes.
Consumers can usually save significant time and anxiety by having someone else file their returns.
Good tax professionals also know specific loopholes that can save consumers money. Consumers should note however, that checking references and an informal interview should be a part of the process before hiring anyone. Consumers should also be well organized when visiting a tax preparer. Some preparers charge by the hour. Therefore, the longer they work, the more it will cost.