Answers to commonly asked questions from the experts on Thervo.
How much does tax preparation cost?
Professional tax preparation costs$100 to $500 per return on average, with most individuals spending about $220. While your geographical location may impact the fees, the biggest factors affecting the cost of your tax preparation are the complexity of your tax return and the type of professional you hire. Certified public accountants (CPAs) and tax attorneys typically charge more than Enrolled Agents or non-credentialed seasonal tax professionals.
Is it worth it to pay for tax preparation?
Paying a CPA or tax preparer to do your taxes may be worth it if you have a complex return or have new items or calculations on your taxes that you are not familiar with. If you run a business, buy a house, manage multiple properties, or do anything requiring more than a simple tax return, professional tax preparation can save you time, ensure the return is done correctly, and protect you in the event of an audit or issue.
What is a tax preparer?
A tax preparer is a professional who prepares and files income tax returns for individuals or businesses. While all tax preparers have a preparer tax identification number (PTIN), they have varying levels of education and credentials. The list below includes professionals who can prepare your taxes and represent you in front of the IRS if needed for audits, appeals, or anything related to your return.
Enrolled Agent (EA) – An EA is certified by the IRS and can prepare taxes anywhere in the United States.
Certified Public Accountant (CPA) – A CPA has education and licensing through the state in which they practice. CPAs
Attorney – A licensed tax attorney has passed a state bar exam and earned a law degree. A tax attorney may specialize only in tax preparation or offer several services.
Non-credentialed tax preparers include seasonal tax service employees and the IRS's voluntary Annual Filing Season Program participants. These professionals have a PTIN but may not have formal education or certifications and may not be able to represent you in front of the IRS.
How do I choose the best tax preparation service near me?
When searching for a tax preparation service near you, be sure to:
Compare preparation fees from at least three companies that are licensed, bonded, insured, and have been in business 5+ years.
Search the IRS's directory for a certified public accountant (CPA) or an Accredited Tax Preparer (ATP).
Check their licensing status and look for disciplinary actions against them.
Ask for a preparer tax identification number (PTIN).
Confirm the tax preparer can represent you for any related audits, payments, or collection issues.
Check out their reviews on Thervo and Google.
Avoid hiring a tax preparer who bases their fee on the size of your tax refund.
Confirm that the tax preparer will sign your return.
Never sign a blank tax return.
What questions should I ask when searching for tax preparation?
Asking the right questions can help you choose the best tax preparation service for your needs:
Are you licensed and insured?
What training and credentials do you have?
How long have you been preparing taxes?
Do you have a guarantee?
Can you represent me in front of the IRS if needed?
What kinds of returns can you prepare?
Do you file electronically?
How soon will I get my refund?
What do I need to bring with me to the appointment?
Reviews for Urbana tax preparation services
Recent success stories from people in the Urbana area.
Jacques R.
Great service, knowledgeable friendly
US AmeriTax, Inc.
Amy B.
He's a number wizard. It's my first time having an accountant, and I came to our first meeting feeling pretty ill-prepared. I'm a small business (it's just me) and I felt strange hiring someone to do my books. I thought I should have been able to do it myself. He very soon made me feel comfortable and assured me I'd be fine. Daniel said that it's smart to ask for help, and focus on the things I do best. He prepared a great spreadsheet for me for all my expenses so now I'm set up to fend for myself better. He told me his timeline, updated me as he got things done and had it all finished just as he said he would. I'll definitely have him do my taxes next year.
Hayes Accounting Solutions AAC
Heather I.
Thank you very much for helping me with my taxes last year. I have not used an accountant before, and I must thank you for being so thorough, organized, and resourceful. I didn’t know what to expect, but was very pleasantly surprised. You are obviously very good at what you do! Also I appreciate your help amending last year’s return to maximize my refund. It helped make a big difference! 🙂
All the best to you!
Kenneth P. Rapoport CPA, Ltd.
Andrew W.
Exceptional Tax Services – Highly Recommend!
I had an outstanding experience working with KFN Accounting & Financial, LLC for my tax preparation and planning needs. Kyle Nader, CPA, CFE, and his team provided top-notch service, ensuring that every detail was handled with precision and expertise.
From maximizing deductions to offering strategic tax-saving advice, they made the entire process smooth, stress-free, and incredibly efficient. They took the time to explain complex tax matters in a way that was easy to understand and always responded promptly to any questions I had.
What truly sets KFN apart is their personalized approach and deep understanding of tax laws. They don’t just process returns—they optimize them to ensure you’re taking full advantage of every opportunity.
If you’re looking for a knowledgeable, trustworthy, and client-focused tax expert, I highly recommend KFN Accounting & Financial, LLC. I wouldn’t trust anyone else with my taxes!
KFN Accounting & Financial, LLC
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Nearby tax preparation services in and around Urbana
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