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Tips for the tax payers to avoid fraud by tax preparers

March 22, 2015 By Kyle Mills

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tax_returnWith 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.

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Filed Under: Business & Company, United States & World Tagged With: Internal Revenue Service, IRS, refund, tax preparers

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