Working with a tax professional is even more important in 2021

Major tax law changes will affect many taxpayers' 2020 returns
By: National Association of Tax Professionals
APPLETON, Wis. - Feb. 8, 2021 - PRLog -- In light of the number of changes to tax law in 2020, most resulting from the fallout of COVID-19, the National Association of Tax Professionals (NATP) advises taxpayers to work with a trained tax professional to ensure the most accurate tax return and possible refund available.

Working with a trained tax expert can net many benefits for taxpayers, including peace of mind that their return is accurate and compliant with IRS policies. It is ultimately the taxpayer who is responsible for the information on their return, no matter who preparers it for them.

When choosing a tax professional, taxpayers should:
  • Find a qualified, educated, ethical tax professional to prepare their returns
    • NATP has a search function on its website where taxpayers can find a tax professional in their area who is also a member of the leading organization for tax pros in the country
  • Check the preparer's history with the Better Business Bureau
    • Taxpayers can verify an enrolled agent's status on IRS.gov
    • Taxpayers can verify a CPA's status on cpaverify.org
  • Ask about fees
    • Taxpayers should avoid tax return preparers who base their fees on a percentage of the refund or who offer to deposit all or part of your refund into their financial accounts
  • Be wary of preparers who claim they can get larger refunds than others
  • Ask if they plan to use e-file
  • Ensure the preparer signs and includes their preparer tax identification number (PTIN)

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About NATP: The National Association of Tax Professionals (NATP) is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. 23,000 members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.

Looking for a tax expert? Rhonda Collins, EA, CPA, MBA, is the director of tax content and government relations at the National Association of Tax Professionals (NATP). Collins has a diverse background of over 25 years in the industry. As a licensed CPA and EA, Collins can represent clients before the IRS. She is available for phone or video interviews to discuss federal tax topics including tax law change and its implications, taxpayer issues, tax preparer regulation and more. To schedule an interview with Collins, contact nkasten@natptax.com.

Contact
Nancy Kasten, marketing and communications director
***@natptax.com
End
Source:National Association of Tax Professionals
Email:***@natptax.com Email Verified
Tags:Tax, Tax Professional, Tax Season, Natp, Tax Association, Taxpayer, COVID-19, Tax Return
Industry:Accounting, Financial, Services
Location:Appleton - Wisconsin - United States
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