Tax professionals perform various tasks depending on their job description, including preparing tax returns, record keeping, communicating with tax agencies, and legal representation. They can also provide advice on optimal handling of finances and represent clients in audits or as a lawyer.
The tasks a tax professional performs depend on their specific job description. For example, the job of a tax preparer may differ slightly from the job of a tax consultant or agent. In general, however, a tax professional is used to preparing tax returns and other tax-related documents, answering questions related to tax matters, and submitting forms and payments on behalf of their employers or clients. A tax professional may also be responsible for record keeping tasks, communicating with tax agencies, or even legal representation for employers or clients.
One of the most well-known jobs a tax professional can perform is filling out tax returns and related documents. Often, a tax professional will take documents provided by an employer or client and use them to determine how much income a taxpayer has in a given tax year, as well as their tax liability for that year. With this information in hand, he can find out how much the taxpayer owes a tax agency or how much money the taxpayer owes in the form of a refund.
Tax professionals may also have the responsibility of maintaining financial records for clients or an employer. A person with this title can record income and debts and complete the necessary tax documents throughout the year. Sometimes a person with this title can also send tax payments to their clients or employer. A tax professional can also strategize and provide advice for optimal handling of a taxpayer’s finances and find legal ways to ensure that the taxpayer pays the least amount of tax possible.
In some cases, a tax professional acts as a representative for their clients or employer, and in that role may communicate with tax agencies on behalf of a taxpayer. In the event that the taxpayer is the subject of an audit, a tax professional can also help a taxpayer understand their rights, help the taxpayer gather the documentation they need, and participate in audit sessions with the taxpayer as their representative.
Sometimes a person with this title is also licensed to practice as a lawyer. In that case, he can provide a variety of legal help for his clients or employer. He can answer questions involving tax matters, represent taxpayers in audits and hearings, and provide advice on numerous tax matters. A tax attorney can also provide legal representation and advice to tax agencies.
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