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Tax Prep Service Scams Rank High on Taxpayers' List of Concerns This Filing Season

Retrieved on:

Thursday, March 14, 2024

IRS, Tax, Computer, Perception, Social media, URL, Software, Crime, LifeLock, Identity theft, PTIN, Directory, TurboTax, H&R Block, Identity, Advertising, CPA, Online shopping

TEMPE, Ariz. and PRAGUE, March 14, 2024 /PRNewswire/ -- As the annual ritual of tax season rolls on, an alarming number of Americans looking for help filing their returns are raising red flags around tax prep service scams. According to a recent consumer survey from LifeLock, a leading identity protection brand of Gen™ (NASDAQ: GEN), sixty-one percent of Americans worry they might be targeted by common tax scams, which could result in identity theft, financial loss and could even land them in hot water with the IRS. They have reason to be concerned, as tax scams cost American taxpayers $5.7B in 2022.

Key Points:

TEMPE, Ariz. and PRAGUE, March 14, 2024 /PRNewswire/ -- As the annual ritual of tax season rolls on, an alarming number of Americans looking for help filing their returns are raising red flags around tax prep service scams.
Scam artists trick taxpayers by advertising and promoting themselves as legit tax preparation service providers through emails, social media ads and text messages.
"There is a perception that hiring a tax pro or using a software service can be expensive.
Experts advise tax pros to make cybersecurity a priority throughout the year, not just during tax season.

LifeLock Empowers Taxpayers with Knowledge to Help Fight Fraud

Retrieved on:

Wednesday, March 8, 2023

With the more than 90 percent of U.S. taxpayers filing online, it's essential to know how to file taxes safely .

Key Points:

With the more than 90 percent of U.S. taxpayers filing online, it's essential to know how to file taxes safely .
In 2022 alone, the IRS identified more than $5.7 billion in tax fraud .
Luckily, there are proactive steps consumers can take to help protect their identities and restorative steps should they fall victim to identity theft.
For additional tax season safeguards, identity theft protection services from LifeLock adds professional support to help consumers navigate complicated IRS and credit bureau actions designed to restore taxpayers' lives and identities.

Industry leaders partner to give accounting firms and small businesses an inside track on working with the IRS

Retrieved on:

Wednesday, October 19, 2022

In addition to hosted sessions with the IRS, the partnership will enable accounting firms to explore adding new revenue streams to their practices with tax resolution services.

Key Points:

In addition to hosted sessions with the IRS, the partnership will enable accounting firms to explore adding new revenue streams to their practices with tax resolution services.
We are excited to leverage the years of expertise Tax Rep Network can offer our accounting firm customers in opening new revenue streams and helping small businesses work with the IRS.
Additionally, with TRNs access to the IRS and our security offerings, firms will have a turnkey solution for complying with the IRS Security Six.
More than 8,500 accounting firms and 60,000 small to medium-sized businesses count on Right Networks to run their business every day.

How to Know If Your Tax Preparer is Legitimate or a Fraud

Retrieved on:

Friday, January 21, 2022

Hispanic, Accounting, Professional Services, Consumer, California State Legislature, California Tax Education Council, CPA, Andy Chanley, Thumb, CRTP, PTIN, Fraud, CTEC, EA, Angell, IRS, Tax advisor, Life insurance, Online shopping

California law requires anyone who prepares tax returns for a fee to be either an attorney , certified public accountant (CPA) , CTEC-registered tax preparer (CRTP) or enrolled agent (EA) .

Key Points:

California law requires anyone who prepares tax returns for a fee to be either an attorney , certified public accountant (CPA) , CTEC-registered tax preparer (CRTP) or enrolled agent (EA) .
Angell warns legitimate tax preparers will never guarantee a refund before reviewing the client's tax information.
They will always sign the tax return and include their IRS Preparer Tax Identification Number (PTIN) .
CTEC is a nonprofit organization that was established in 1997 by the California State Legislature to protect taxpayers against fraud and incompetent tax preparers.