People should be on the lookout for shady tax preparers and watch for common warning signs, such as charging a fee based on the size of the refund. Other common scams are refusing to sign the return or asking people to sign a blank return.
The Internal Revenue Service is warning taxpayers to keep an eye out for fraudsters working as tax return preparers.
“Most tax professionals offer excellent advice and can really help people navigate complex tax issues. But we continue to see instances where taxpayers are “ghosted” by unscrupulous tax preparers with bad advice who quickly disappear,” said IRS Commissioner Danny Werfel in a press release. “We encourage taxpayers to check out the tools and resources available to them to ensure they find the right tax professional for their needs.”Check credentials of tax preparers.
Not signing the return could mean the preparer may be looking to make a quick profit by promising a big refund or charging fees based on the size of the refund. This leaves the taxpayer vulnerable and on the hook for any misinformation on the return. Taxpayers should never sign a blank or incomplete return.
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