As tax filing season begins, the U.S. Department of Justice has warned taxpayers to beware of unscrupulous tax return preparers.
While most tax return preparers are professional and honest, some prepare returns with false information in order to improperly boost a taxpayer’s refund or reduce their liability or to increase business and preparation fees. But, under the law, taxpayers are responsible for what is reported on their returns. When the Internal Revenue Service uncovers the falsehoods, the taxpayer can face penalties and interest and, if circumstances warrant, criminal prosecution, the Justice Department said in a statement. Click here to read more.
