The Internal Revenue Service (IRS) released their “Dirty Dozen” list of tax scams last week. Near the top of their list was a warning to taxpayers to be on the lookout for tax return preparers promoting inflated tax refund claims.
The “Dirty Dozen” annual list is compiled by the IRS – providing taxpayers with information on common scams peaking during the filing season. So, as you prepare your returns or hire others to help with your taxes, you know what to do.
According to the IRS Commissioner John Koskinen, “Exercise caution when a return preparer promises an extremely large refund or one based on credits or benefits you’ve never been able to claim before. If it sounds too good to be true, it probably is.”
Scams can lead to significant penalties and interest and possible criminal prosecution.
Bottom line, you should choose your tax preparer wisely.