TAX FRAUD

How Tax Fraud Impacts You!

When you think about tax fraud or tax evasion, everyone thinks of blatant examples of deception that you read in the papers, hear on the radio, or see on television. Tax fraud comes in many forms, and you, as the taxpayer, accept all the liability and risk when you deal with unscrupulous people. How can someone guarantee a big refund? How can someone ensure that you won't get audited? The answer is they cannot! Why would a preparer not sign the tax return they prepared? Why aren't they registered with the IRS? Why can't they e-file your taxes? Are they using IRS-approved software?

These are essential questions to consider before you choose your next tax preparer. Besides facing challenges associated with the pandemic, we also have to deal with all the fraud/scams launched by the general public during these difficult times.

Ghost Tax Preparers

These individuals prepare tax returns for compensation and fail to provide their identity or identifying number on the tax return. Why would you trust someone to prepare your taxes and not sign the return they prepared? Are you aware that you will be held accountable for the information on your tax return? (Read the fine print right above your signature area)

Black Market Tax Preparers

These individuals set up shop around tax time; they focus on taxpayers banking on a refund. They use all sorts of schemes to get you in the door and to inflate their pricing, often tied to loans or a percentage of the refunds. They don't advertise; instead, it's all word of mouth on the street, and desperate taxpayers, in hopes of the most significant refund, get caught in their traps. Unfortunately, if audited, the taxpayer ends up with dire consequences.

2022 IRS Dirty Dozen Worst Tax Scams

Abusive Tax Shelters, knowingly using an entity to reduce tax liability

Frivolous Tax Arguments, taking an outlandish legal claim to avoid paying taxes

Failure to report offshore funds, deliberately hiding money in foreign accounts or holdings

Improper claims for business credits

Scams related to disasters, charitable causes, etc

Inflating deductions and credits

Falsifying income and creating false documents

Promises of inflated refunds

Tax return preparer fraud

Identity Theft

Phone Scams

Phishing schemes using deceptive email, texts, etc.

 

**Misleading solicitation to file HI DCCA annual registration forms with high fees

**Fraudulent Employee Retention Credit Filing**

More Info

Concerned about prior year tax filings, Give us a call to review your tax return(s) in detail.



An amendment allows you to correct any errors reported on your tax return. We can help you with this process.

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