Share

IL Estate Planning Blog

Tuesday, March 17, 2020

IRS Provides a Tax Preparation Tip

Thursday January 30, 2020

Washington News

IRS Provides a Tax Preparation Tip

AMERICAN HEART ASSOCIATION 
In IR–2020–17, the Service warned taxpayers about "ghost" preparers who are not willing to sign returns. Some "ghost" preparers promise large refunds from these tax returns.

Under federal law, a tax preparer must have an IRS Preparer Tax Identification Number (PTIN). A paid preparer must sign each return and include his or her PTIN.

If a tax preparer is not willing to sign the return, consumers should be on guard. This is particularly a risk if the tax preparer promises a large refund or if a preparation fee is based on the size of the refund.

Your ghost preparer may also have one or more of the following red flags.
  • Requires payment in cash
  • Pads income to qualify for tax credits 
  • Fakes deductions to increase refund 
  • Sends refunds to the preparer's bank account 
Information on selecting a tax preparer is available on IRS.gov. The IRS provides a Choosing a Tax Professional page, which explains how to review your preparer's credentials. There also is a Directory of Federal Tax Return Preparers.

Every taxpayer should review their Form 1040 before it is filed. Your tax preparer should be willing to answer any questions that you may have. Because most tax returns and refunds are handled through electronic methods, double check the return for your correct bank account and bank routing numbers.

Editor's Note: If you believe your tax preparer is not following proper rules, the IRS offers Form 14157, Complaint: Tax Return Preparer. If a tax preparer files your return without your knowledge or consent, file Form 14157A, Tax Return Preparer Fraud or Misconduct Affidavit.

Archived Posts

2020
2019
2018
2017
2016
2015
2014
2012
2011
2010


With two offices in Oak Lawn and Oak Brook, Stephen M. Sutera assists clients throughout Cook County, DuPage County and Will County IL including Chicago, Hometown, Barrington, Burbank, Burr Ridge, Chicago Ridge, Darien, Downers Grove, Evergreen Park, Geneva, Worth, Bridgeview, Palos Park, Palos Hills, Palos Heights, Hickory Hills, Midlothian, Willow Springs, Oak Forest, Orland Park, La Grange, Brookfield, Berwyn, Tinley Park, Hinsdale, Villa Park, Clarendon Hills, Westchester, Westmont, Lombard, Elmhurst, Western Springs, Berkeley, Downers Grove, Fox Valley, Glen Ellyn, Willowbrook, Aurora, Addison, Lisle, Forest Park, Bensenville, Wheaton, River Forest, Itasca, Shorewood, Frankfort, Mokena, Naperville, Crest Hill, Homer Glen, New Lenox, Bollingbrook, Schaumburg, Channahon and Woodridge.



© 2020 Law Offices of Stephen Sutera | Disclaimer
4927 W. 95th Street, Oak Lawn, IL 60453
| Phone: 708-857-7255
2021 Midwest Road, Oak Brook, IL 60523
| Phone: 630-396-6800 | 708-857-7255

Estate Planning | Advanced Estate Planning | Asset Protection | Pet Trusts | Special Needs Planning | Probate / Estate Administration | Elder Law | Business Law | | DocuBank | Staff Certifications | Legacy Plan | Healthcare Guides | Our Unique Process

FacebookLinked-In Company

Attorney Website Design by
Zola Creative