Top Advice to Safeguard Against 'Ghost' Tax Preparers
Friday, 23 February 2024, 04:29
Important Advice to Protect Your Tax Returns
When it comes to tax season, being cautious about who prepares your taxes is key to avoiding potential pitfalls. The IRS is cracking down on 'ghost preparers,' individuals who operate under the radar and pose risks to taxpayers.
How to Spot a 'Ghost' Tax Preparer:
- Unidentified Preparers: 'Ghost preparers' do not sign the returns they prepare, making it challenging to hold them accountable.
- No Credentials: Lack of proper qualifications or registration is a red flag signaling a potential 'ghost preparer.'
- Refusal to Sign: If a preparer prompts you to sign a blank return or refuses to sign it themselves, it's a sign of trouble.
Protecting your financial well-being requires diligence in verifying your tax preparer's legitimacy and credentials. Don't fall victim to 'ghost preparers' and the risks they pose to your financial security.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.