3 Tax Preparer Scams To Avoid

Tax season is upon us, with all of the advertising and sign waving on street corners to get your taxes done.

Before you get your taxes done, here are 3 tax preparer scams to avoid.

Scam #1: Making you pay to get your taxes done when you qualify for free tax services.

If you make $62,000 or less, you qualify for the IRS Free Filer’s software and free e-file service. If you make more than $62,000 you can still get it free using the free fillable electronic versions of the paper form. Just go to www.irs.gov/freefile.

Scam #2: Refund Anticipation Loans.

These loans will give you your money right away, but the interest charged can be in the triple digits. Instead, use the e-file option and choose to have your refund direct deposited to get your money faster.

Scam #3: Beware of the bad apples.

Most tax preparers are great, but there are some that are not trained properly and are just plain incompetent. These preparers can end up costing you more, or even flagging you for an audit when they make errors, mis-classify things or falsify your return.

Getting your taxes right is serious business. Take the time to make sure you’re using a reputable tax preparer or CPA. You could save yourself some major headaches later on.

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