Tax & Accounting Svc

★☆☆☆☆
  • 3162 N Broadway St 200

    Chicago, IL 60657

    Map & Directions
  • 773-755-2748

About Tax & Accounting Svc

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Finance

Finance
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J's Tax Services

6815 W 63rd St Chicago, IL

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The firm made some serious mistakes on my tax returns and it cost me dearly. The experience to fix the problems was not pleasant. I wish I could give zero star. \r
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I later had all my tax returns prepared by them examined by my current CPA and found over a thousand dollars of missed deductions. \r
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The fee was not that great. My current CPA charges only slightly more.\r
\r
Below are my 2c to look for a good tax preparer:\r
\r
1. Even if the tax preparer makes a mistake, it is ultimately your responsibility to get it right.\r
\r
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2. Make sure the tax preparer is an Attorney, CPA, Enrolled Agent, Enrolled Actuary and Appraiser. \r
\r
The obvious reason is people have these credentials typically know more on the topic than people who don't. \r
\r
A less obvious reason is professionals with these credentials are bound by some code or rules and even by law. Violation of them can result in diciplinary actions against them. In addition, the IRS's Office of Professional Responsibility's jurisdiction, as described by Treasury Deptment. Circular 230, is only over Attorneys, CPAs, Enrolled Agents, Enrolled Actuaries and Appraisers. Note that ABA and ATP are not on this list.\r
\r
In case something goes wrong, your ability to complain to the professional associations and the IRS gives the tax preparer motivation to properly fix your problem. \r
\r
Whereas you have little leverage working with a tax preparer without these credentials. When mistakes made by this firm cost me serious $, there was very little I could do.\r
\r
3. It is one thing to see logos of professional associations on a firm's web site, it is another thing that the person preparing your tax has these professional credentials. For example, the National Association of Enrolled Agents (NAEA) allows non-EA members and even these members are allowed to use the NAEA logos. Although their website displays the NAEA logo, the person preparing my tax was not an EA. \r
\r
It is important to check with the proper organizations your tax preparer's actual credentials. For attorney's and CPAs, the State Professional Regulations web site is a good start. For EAs, check with IRS. You should also find out beforehand your options if the tax preparer makes mistakes. The more you can do and the severe the consequence, the more leverage you have.

0
★☆☆☆☆

The firm made some serious mistakes on my tax returns and it cost me dearly. The experience to fix the problems was not pleasant. I wish I could give zero star. \r
\r
I later had all my tax returns prepared by them examined by my current CPA and found over a thousand dollars of missed deductions. \r
\r
The fee was not that great. My current CPA charges only slightly more.\r
\r
Below are my 2c to look for a good tax preparer:\r
\r
1. Even if the tax preparer makes a mistake, it is ultimately your responsibility to get it right.\r
\r
\r
2. Make sure the tax preparer is an Attorney, CPA, Enrolled Agent, Enrolled Actuary and Appraiser. \r
\r
The obvious reason is people have these credentials typically know more on the topic than people who don't. \r
\r
A less obvious reason is professionals with these credentials are bound by some code or rules and even by law. Violation of them can result in diciplinary actions against them. In addition, the IRS's Office of Professional Responsibility's jurisdiction, as described by Treasury Deptment. Circular 230, is only over Attorneys, CPAs, Enrolled Agents, Enrolled Actuaries and Appraisers. Note that ABA and ATP are not on this list.\r
\r
In case something goes wrong, your ability to complain to the professional associations and the IRS gives the tax preparer motivation to properly fix your problem. \r
\r
Whereas you have little leverage working with a tax preparer without these credentials. When mistakes made by this firm cost me serious $, there was very little I could do.\r
\r
3. It is one thing to see logos of professional associations on a firm's web site, it is another thing that the person preparing your tax has these professional credentials. For example, the National Association of Enrolled Agents (NAEA) allows non-EA members and even these members are allowed to use the NAEA logos. Although their website displays the NAEA logo, the person preparing my tax was not an EA. \r
\r
It is important to check with the proper organizations your tax preparer's actual credentials. For attorney's and CPAs, the State Professional Regulations web site is a good start. For EAs, check with IRS. You should also find out beforehand your options if the tax preparer makes mistakes. The more you can do and the severe the consequence, the more leverage you have.

Pros: Has yet to be discovered

Cons: Unprofessional, bad advice, don't care about clients

 

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