How to Choose a Tax Accountant and Fee Structures

01
Which professional credential allows someone to represent you in ALL matters before the IRS, including audits?
A
Annual Filing Season Program Participant
B
Certified Public Accountant (CPA)
C
Tax Attorney
D
Enrolled Agent (EA)
02
What is the most common and transparent fee structure for simple individual tax returns?
A
Contingency Fee (percentage of refund)
B
Flat Fee per form
C
Hourly Rate
D
Value-based Pricing
03
When choosing a tax accountant, what is a RED FLAG regarding their fee structure?
A
Offering a free initial consultation
B
Charging a flat fee for a defined service
C
Billing based on the hours worked
D
Charging a percentage of your tax refund
04
For a small business owner with an S-Corporation, what is the MOST important factor when selecting a tax professional?
A
The lowest advertised price
B
Convenient office location
C
Experience with small business/S-Corp taxation
D
Availability on weekends
05
What should you ideally obtain BEFORE a tax accountant starts working on your return?
A
A copy of last year's refund check
B
A written engagement letter outlining services and fees
C
A guarantee of a specific refund amount
D
Personal references from their other clients
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