TAX ACCOUNTING NEWS
Sometimes the old adages hold true, especially “If it sounds too good to be true, it probably is”.
Hiring a tax preparer without the necessary credentials to sign a tax return on your behalf could be an expensive mistake.
The IRS identifies these dishonest and unscrupulous tax preparers as "ghost" preparers.
A ghost preparer may offer the promise of a huge refund, or perhaps they’ll only charge fees based on a percentage of your refund. However, they will not sign your return. Their common practice will be to print the return they’ve prepared on your behalf, then have you sign it and mail it to the IRS. For e-filed returns, they will refuse to sign with a digital signature, which acknowledges them as the paid preparer.
The IRS requires by law, that any person who is paid to prepare or assist in preparing a federal tax return have a valid Preparer Tax Identification Number (PTIN), which must be included with their signature on a client’s tax return. Obviously, a scam artist is unlikely to possess the necessary credentials to comply with IRS requirements.
All too often, this type of fraud causes financial harm to honest taxpayers who are simply trying to file legitimate tax returns.
At McGovern & Greene LLP, our tax accountants possess all of the credentials and qualifications necessary to prepare your returns in accordance with IRS legal requirements.
In addition to preparing your current year tax returns, we are also equipped to assist you in revising prior years' returns or filing past due returns.
We offer a wide range of services related to numerous types of returns on behalf of both individuals and entities.
Contact us for more information.
• Year End Tax Planning and Estimate Tax Payments
• Gift giving, Estates, and the unified credit
• Reasonable Compensation for Employee-Shareholders
• Resolving notices received from the IRS
• Taxation issues related to retirement planning
• Executive Compensation planning
• Tax penalties, interest disputes, and offers in compromise
• Year-end tax planning and estimated tax payments
• Tax implications of litigation
• Divorce and support agreements
Corporate Internal Investigations
White Collar Criminal Defense
Asset Recovery Services
Dispute Advisory Services
Due Diligence Reviews
Fraud Prevention Seminars & Training
Data Mining & Electronic Discovery
Corporate Compliance Monitorships
Fraud and Compliance Seminars & Training
Expert Witness Testimony
Economic Damage Analysis
Intellectual Property Damages
Lost Personal Earnings
Government Contract Accounting
Mergers & Acquisitions
Construction Claims & Project Audits
Individual, Trust, and Estate
S-Corp & C-Corp, Partnership
Year-end Tax Planning and Estimated Tax
Taxation of Executive Compensation
Reasonable Compensation Estimates
Retirement Savings Planning
Employer Retirement Plan Development
Have questions or need assistance?