Sunday, March 22, 2015

Plan to use a tax preparer? Make sure to ask this – CNBC

Tax preparers fees can vary widely depending on where you live, the complexity of the return and the amount of time it takes to complete the necessary forms. According to the National Society of Accountants, the average tax preparation fee this year for an accountant is $ 273 for a standard federal tax return with a Schedule A for itemizing deductions, as well as a state return.

Enrolled agents may be less expensive, but their fees also can vary widely. Find out ahead of time what the total tax preparation fee will be. The IRS warns taxpayers to avoid preparers who base their fee on a percentage of your refund or those who claim they can obtain larger refunds than other preparers.

Also, always make sure any refund due is sent directly to you or deposited into an account in your name. If a tax preparer suggests another arrangement, look for another preparer.

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