Rough Draft 1/26/2010 3:00:48 PM
H&R Block Tax Tips 2010
Updated: Jan. 7, 2010
Finding the Right Tax Professional
1. Ask about a tax preparer’s years of experience and ongoing education. Do
they have the knowledge to accurately represent your interests? Up-to-date
training is critical when selecting a tax professional.
2. When it comes to taxes, knowledge can translate into dollars saved. The tax
code is always changing so it’s critical taxpayers select a tax professional who
receives ongoing training. Beware the tax preparer who also sells cars,
furniture or other items unrelated to taxes.
3. Know the tax preparer’s area of expertise before allowing them to do your
taxes. A sick patient wouldn’t see an eye doctor for a head cold and a small
business owner shouldn’t consult a tax professional who can’t do small
4. Make sure your tax preparer protects your confidential data. Tax
professionals see Social Security numbers, earnings statement and other
private information. Make sure you trust
5. your preparer to review and protect your data.
6. Look for a tax professional who guarantees their work. Understand what
happens if an error is made on your return. Will they pay the resulting
penalties and interest or will you be left footing the bill? Seek a reputable
preparer who guarantees their work.
7. While taxes are typically prepared January through April, the IRS
corresponds with taxpayers throughout the year. So, it’s important to select a
preparer who’s available year-round.
8. Avoid tax preparers who say they can obtain larger-than-average refunds.
Refund estimations should be based on deductions and credits taxpayers are
legally permitted to claim.
9. Regardless of who prepares the taxes, the taxpayer is legally responsible for
the information on the return. A little research into the best tax professional
now can prevent significant financial and legal harm later.
First-Time Homebuyer Credit
10. If you bought a home in 2009 or plan to