tax preparers Archives - The Silver Ink

With the tax season nearing many people would use the paid tax preparers to file their tax returns.

Justice Department, Internal Revenue Service and the Consumer Financial Protection Bureau have provided some tips to taxpayers to avoid paying extra fee or potential fraud.

Make sure that the tax refund goes in your bank account and not the tax preparers account.

The fee of the tax payer should be asked in advance, and don’t fall in the trap of the tax payers who will tell that they will get you larger refund than other tax payers. You are entitled to the refund which is applicable in your case and not less and not more.

People above 60 and the people with income less than $53,000, people with disabilities, limited English speakers are provided with free assistance in tax preparation.

IRS also advised to uses form 14157 and 14157-A to report any fraud tax preparers.

Tax preparers who fabricate the income statement, business expenses or suggest claiming bogus tax credit should be avoided.

The income tax return is an important filing and should only be signed after a detailed study and never sign a blank return.

With carefully filling of the tax return you will not face any issue.

Tax season has finally arrived, with confusion and misinformation about the complete tax payment process being a common problem among the Americans.

In order to make the process hassle-free, the Internal Revenue Service, the Justice Department and the Consumer Financial Protection Bureau have provided a set of guidelines for well-informing the tax payers about how to file their tax returns.

Here are some of the important tips for the taxpayers to avoid possible fraud or payment of extra fee.

Those who have income less than USD 53,000; people with disability; people above 60 years of age and limited English-speaking people are entitled to get free assistance in tax preparation.
The tax payers must confirm the fee of paid tax preparers in advance.
Tax preparers fabricating the business expenses, the income statement or suggesting claim of bogus tax credits should not be considered by the tax payers.
A blank return must not be signed. Also, the completely filled income tax return should be signed after carefully reading the whole document.
Ensure that your bank account details are correct. This is very important as the tax refund can easily be transacted to the tax payer and not the tax preparer.
Any abuse or fraud tax preparers can be reported to IRS using form 14157 and 14157-A.

Tips for the tax payers to avoid fraud by tax preparers

Beware of fraud tax preparers; tips for filing hassle-free tax return

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