Avoid These Two Extremes With Your Tax Preparer | USTaxAid

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Avoid These Two Extremes With Your Tax Preparer

Written by Diane Kennedy, CPA on February 7, 2012

When it comes to finding the best CPA tax preparer, there are a number of things to consider.


Generally, there are two big extremes you want to avoid when it comes to finding the best CPA tax professional. You want some who:

  • Helps you pay the least amount of tax legally possible, and
  • Doesn’t do something stupid/illegal/risky that means you’ll get hit with an audit

In other words, you don’t want the CPA tax preparer who doesn’t know the law or is afraid of using legal tax loopholes to pay the least amount of tax. And on the other hand, you don’t want a tax preparer who is so aggressive that you end up getting an unnecessary audit.

Let’s talk about that one extreme – the tax preparer who might cost you an audit.


How Much Does an IRS Audit Cost You?

An average audit will cost you $5,500 in extra taxes. That’s before you count in the penalties, interest, accounting and tax representation fees. Add all that in and you’ll, on average, need to write a check for $8,000 or more.

How Much Does it Cost to Not Have a Tax Strategy?

It’s hard to say how much you’re overpaying in taxes right now, or if you even are. If you’d like to get a FREE! CPA tax review of your current situation, please contact Thomas at 866.829.2368, ext 2 or Richard at 866.829.2368, ext 1.

The ideal tax strategy and tax preparation will put you right between those giving you both less tax and less risk.

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The 2011 IRS Survival Guide for Real Estate Professionals with Real Estate Investments

Tax Survival for 1099-A and 1099-C Recipients

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