Perspective: Red flags that your tax preparer is a fraud
Choose your tax preparer wisely or suffer the expensive consequences. By Michelle Singletary Michelle Singletary Personal finance columnist Email Bio Follow Columnist April 5, 2018 You want to save money on the cost of preparing your taxes, so you use a guy your friend recommends. The tax preparer has a reputation for getting people big refunds.
During your session, you tell the guy you donated some stuff to charity. You’re not sure how much the items were worth. The guy puts down a value that is definitely inflated. Other deductions are also overstated. You express concern.At the end of the appointment, you’re thrilled with the size of the refund he says you’ll get. Then the preparer says that, because he’s getting you back so much money, your fee will be a percentage of the refund. You think that’s only fair. You sign the return.
To check — and you should — that your preparer is legit, go to irs.gov and search for “Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.” ● You aren’t asked to provide a W-2 or other proof of your earnings, deductions or credits. And certainly, you shouldn’t agree to any false documentation, no matter how desperate you are for a refund.
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