It is easy to trick the government into giving you a tax refund by posing as someone else. These criminals provide a list of people who will be fooled by their bad schemes. Inflators who promise many large credit card donations. – Another red flag for dubious preparers is ones who promise to get you a very large refund check as a way of enticing you to hire his or her services. Once again, such preparers may use illegal ways of raising your refund amount and this may easily get you into trouble with the tax authorities. Visit tax audit defense near me.
It is important to do background checks on your insurance providers and look into what type of qualifications this preparer has. It is also necessary to ensure that the preparer has a Preparer Tax Identification Number. (PTIN). When the IRS now started issuing the PTIN after having met certain stringent qualifying criteria, it was a form a taxation that was born in the year 2012. Once the IRS verifies the veracity of the information the preparer has presented, it issues them with the PTIN certificate. As such, confirming that your preparer has a PTIN is one of the most important precautions you can take to avoid shady tax preparers. Besides having the PTIN and signing the tax return form before submittal, the preparer ought to also include the data from Form 1120S on Form 1040.Notice that when you deposit or request your refund, the preparer is quick to ask for your address, direct you to ask to direct deposit, or ask for the refund to be sent to their own bank account. When filing a tax return, a tax preparer should not make any comments about the tax refund for a taxpayer. Signing Blank Form is an IRS form that tax preparers include with their documents to cover themselves. It is yet another bad thing to come from the returns. A preparer may feel the need to request you to sign a blank tax return form.