Find the Best Tax Preparer in Kennewick WA in 2019 tax preparation near me


Are you searching to find the best Tax Preparer in Kennewick WA in 2019?  You may be wondering where to find the best tax preparer in Kennewick near me? There are lots of companies that prepare tax returns, but how do you know which is the best? Will they take time and do it right or will they rush through the tax preparation process to get to the next client? We have researched the Kennewick market and have found the best Tax preparer along with a list of critical questions for you to ask your Tax Preparer.

After careful consideration, here is our selection.

SmartGuy® Best Tax Return Preparer in Kennewick WA is:

Tim Reed
101 South Washington Street
Kennewick, WA 99336
(509) 543-7600

How to choose a Professional Tax Preparer 

The Internal Revenue Service (IRS) recently announced a list of Tax Scams and fraudulent Tax preparation tips. They called it the ‘2019 Dirty Dozen’.  It is crucial for you to know how to look for (interview) a trusted Tax Preparer that you are going to entrust your financials for you and your business. 

If you are the type of person that has always prepared your own taxes over the years with one of the many software programs, you may want to consider a paid professional this year because of new laws, such as the  ‘Tax Cuts and Jobs Act’, which is the most significant tax reform legislation in 30 years.  Tax professionals prepare your taxes knowing all the tax laws to implement in your returns. Selecting the right tax professional is so vitally important. 

Most tax professionals provide honest, high-quality service.  Be aware that there are a minority of dishonest tax preparers that perpetrate refund fraud, identity theft and other scams that hurt innocent taxpayers. You need to choose a Tax preparer who you trust with your most sensitive tax and financial information. 

About 53.5 percent of taxpayers used a paid preparer in 2016. Even if you selected the best tax professional, the taxpayer is ultimately responsible for the accuracy of their tax return, regardless of who prepares it.

Here are some hints & tips to help you choose the best professional tax preparer to ensure you hire the best and avoid fraudsters:

Easily accessible Year-round – questions about your return or any other related tax item after it is submitted may happen. You may need to contact them after the filing season is over. So, they should be available all the time.

IRS Preparer Tax Identification Number (PTIN) – Your paid tax return preparer is required to register with the IRS and have a PTIN. They must include it on your tax returns.

Professional credentials -There are different levels of Professional Tax Preparers: Enrolled Agent (EA), Certified Public Accountant (CPA) or attorney. Find out if they belong to a professional organization and if they have attended required continuing education classes for this year?  Tax laws can be complex, so your Tax preparer should be up to date on all tax topics. 

Preparer’s qualifications -You can use the IRS Directory of Federal Tax Return Preparers with Credentials and Select the ones near you. This tool can help find a Tax preparer with the preferred qualifications. 

Preparer’s history -Ask your friends and others in the business. Search the Better Business Bureau (BBB) website for information about the tax preparer. 

Service fees -Do not use a tax preparer who will base their fee on a percentage of their client’s refund or if they tell you they can get a large refund compared to their competition. Before deciding on the Tax Preparer, DO NOT give tax documents, or other sensitive information to a tax preparer.  

IRS-e-File -This is the safest and most accurate way to file. Ask if they offer IRS e-file?  If a Tax Preparer has prepared taxes for more than 10 clients, they must file electronically. 

Provide records and receipts -The best preparers want to see your documents. They will also ask questions to determine the client’s total income, deductions, tax credits, and other items. Be sure they ask for your W-2’s.  Make sure they do not use a pay stub instead of a Form W-2. This is against IRS e-file rules. See below for a list of suggested documents.  

Understanding representation rules -These three professionals; Attorneys, CPAs and enrolled agents (EA) can represent any client before the IRS in any situation. Annual Filing Season Program participants can represent taxpayers in limited situations if they prepared and signed the tax return. Also, be aware that non-credentialed preparers who don’t participate in this program can only represent clients on returns they prepared and signed before the end of 2015.

Signing your Tax Form - Be sure to sign a complete return.  If there are blank areas, do not sign and ask questions. 

Review your tax return before signing -If you see something that is not clear or appears inaccurate, ask questions. Make sure any refund is going to you, and not the preparer’s bank account. 

How to get ready for your tax preparer  

Organize as much information as possible for the Tax Preparer.  The more information you can provide up front, the better your tax preparer can deal with any delicate issues posed by any current or new tax law. Organizing tax documents can make the tax preparation process go more smoothly. Tax preparers can only use the information you provide for them. That’s why organizing your paperwork in advance of your appointment is a wise move. This will also save the preparer time and you an extra expense—from sorting through your envelopes of tax documents or reminding you of documents you need to provide.  The first time you take the time to really organize might take several hours, but it will be worth it. And even if you’re paying a flat fee an not an hourly fee, there’s a benefit to preparing the paperwork ahead of time. 

Some things to do before going to your meeting:

Create a spreadsheet: or some other organized way to present the needed information to your Tax Professional. There are many tax organizing programs and forms on the internet to help you gather all the documents needed for you to complete and hand to your Tax Preparer.

Checklist: Check each item off as you include them in your package for your Tax Preparer.  Your checklists may not always account for everything in your financial life, so when you find new items, add these to your checklist for the following year. 

Gather all required documents: If meeting with a new Tax Preparer, take last three years’ worth of returns and supporting worksheets.  Tax experts will often say their clients often forget to supply several documents, delaying the time for them to complete their client's tax forms. You will be able to speed things up by taking them with you if they apply to your situation.

A list of some but not all documents you may need: 

  • W-2 Forms
  • State and federal tax returns and supporting documents from previous year
  • Documents for an after-tax IRA contribution to a traditional IRA.
  • IRS Form 1099-DIV, for any dividend income, received
  • The closing letter for a home mortgage refinance. 
  • Business Expenses including Mileage driven and reason for the use of each trip
  • Business Income
  • Real-estate tax receipts if you don’t pay those taxes through escrow.
  • Child-Care expenses 
  • The taxpayer-ID numbers, addresses, and phone numbers of child-care providers.

Expenses that can be itemized: 

  • Charitable contributions – Need name an address 
  • Mortgage interest for loans, if applicable
  • Medical expenses -Monthly premiums, Prescriptions purchased, Long Term Care Cost if applicable, 
  • Estimated quarterly tax payments and receipts if applicable

If you don’t have all the documents that you need by early February, follow up with employers, investment companies, or any others that may generate taxable income. Getting those documents ready early gives you the opportunity to prepare and file as soon as possible. Filing as early as reasonably possible has its benefits, such as a faster refund. 

More about our choice of Tim Reed and TaxMedics

Tim says that the most important thing that keeps TaxMedics so strong and vibrant is our people and our passion to help every size of the business, from startup to flourishing business, to get help and education they need to survive. Tim talks with his wife and reminisces almost every week about the stories, passion, and determination of the people and businesses they meet with. They feel that their continued use of their free consultation lets their clients ask questions or discuss strategies to grow, protect itself, or avoid excessive taxation without having to worry about the cost of talking with them.

These free consultations have helped Tim and his staff understand and get to know their clients and they believe it has helped their clients to get to know them.  And most importantly to Tim and his staff, they have built a strong and loyal client base. Many of their clients have become more than just clients, they feel like friends and family.

Best Tax Return Preparation in Kennewick