Where is your return being prepared?
Have you ever closely read the engagement letter your CPA asks you to sign each year? If not, be on the lookout for this or some similar clause:
“We may outsource preparation of your tax return.”
What your CPA is not telling you is that the outsourcing may be to India. That’s right, your CPA may have transmitted your tax and financial information to someone in India to prepare your return, someone even they have not met in person. Believe it or not, this is all the rage in the CPA profession. If it’s no big deal to your CPA to send your information to India, why didn’t he/she come right out and tell you? Why hide it in a vaguely worded clause buried in a letter most clients never read? Maybe they don’t want you to know.
