Hiring a tax accountant is probably the best decision when it comes to paying taxes on your behalf. The only problem here though is the number of accountants present in the market making it tricky and confusing at the time of hiring one. With little knowledge, you may end hiring a fake or an inexperienced accountant. If you aren’t sure on how to spot a bad accountant, consider learning these bad signs about them in order to avoid expensive mistakes.
- PTIN – PTIN or Preparer Tax Identification Number is like the license number of the accountant. It is vital that you ask for the accountant’s PTIN and check the validity online. Hiring an accountant not holding a PTIN will land the accountant as well as you in trouble.
- Health Insurance Penalty Payment – The health insurance penalty payment is something you should never offer to the accountant. Many fake accountants do ask their clients which is considered as illegal. This payment is only paid to the IRS from your tax return or getting in touch with the IRS directly without the involvement of the accountant.
- High Refunds – Another bad sign about a bad accountant is their promise to offer your higher refund without reviewing your documents. In fact, falling for such tricks will reduce your chance of earning credits for future income tax. On the other hand, a professional accountant will first go through your documents and only then tell you the real scenario about returns.
Therefore, you should always hire the best trust accountant in Castle Hill region.