Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc . are required to pay this professional tax.
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Money Magazine editor Frank Lalli recalled how, for the past several years, his publication has arranged for 50 professional tax preparers to do the IRS returns of a hypothetical family.
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Home mortgage interest deduction and the exemption for dependent children are examples, " says Michael B . Cates, a professional tax preparer and an academic assistant at the college.
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Most professional tax preparers use computers, and there are some good PC and Macintosh programs such as Intuit's TurboTax and MacInTax that you can use to prepare your own return.
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Its purpose is to encourage the study of taxation and to promote best practice in the administration of taxation in the UK . The FTA regulates professional tax advisers on a voluntary basis.
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There are also those proposing a uniform statewide property tax, like freshman Rep . Frank Sapareto, a professional tax and financial planner from the high-property-tax town of Derry.
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Even if you're not out to become the next H & R Block, you're deemed to be a professional tax preparer if you are paid for your work.
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So if you have a particularly complicated tax situation, you're a techno-phobe, or you have a lot of questions, you may want to hire a professional tax preparer.
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Tax laws are complicated, but help is available from the Internal Revenue Service, the California Franchise Tax Board, professional tax preparers and Web sites . ( See box on Page B2 ).
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One U . S . Government Accountability Office report found that of 19 individual tax returns taken to professional tax return preparers, all 19 contained errors and only two reflected the correct refund amount.
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