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Everything You Need to Know About Tax Consultants and Their Services

If for some reason you think you’re the only one who doesn’t understand taxes, think again – it’s difficult to come across an American layperson who isn’t a tax professional who understands the overly complex Internal Revenue Code. Sometimes, rather than just hiring a simple tax preparer, you might need help from a trusted consultant in Billings, MT.

How Are Tax Consultants Different From Tax Preparers?

People who you pay to file your tax returns only deal with income you’ve already earned and things that have already happened. One of many scenarios in which hiring a tax professional who has proven themselves as a trusted consultant in Billings, MT, is when you want solid advice to know how to handle many for the future. Tax consultants can also help you with filing tax returns for tax years that have already passed, though most people only turn to them instead of run-of-the-mill tax preparers when they need truly creative, imaginative insight.

Consultants Have Experience

Tax preparers usually stay afloat by completing as many tax returns as possible. Consultants are usually older and have worked at least a decade in the field, meaning they’re less likely to overwork themselves with the “busy work” known as tax preparation. Consultants almost always have more experience than preparers because clients usually seek out people who have been in their own situations.

CPAs Are Required to Uphold a Fiduciary Duty to You

When a professional owes you a fiduciary duty, that means that they are legally required to act in your best interest. Although it’s not a common practice, tax pros who do not have Certified Public Accountant licensure are not required to uphold a fiduciary duty in providing tax consulting services. Consultants naturally are more likely to have CPA licensure in comparison to tax pros offering other services. Follow us on Twitter.

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