Tax Scams – What to Look out For
One of the benefits to engaging a firm like Foreman & Airhart is the peace of mind that comes with knowing that trained professionals are looking out for your best interest with the IRS. Clients who get letters or requests know they can simply fax it to us and we will handle any inquiries. If you are not a client (or even if you are) here are some common tax scams and warning signs. If you have any questions about the legitimacy of tax notices or need another opinion in any tax matter, contact us.
1. IRS emails. The IRS does not send emails for any official notice. Any email you may receive that claims to be from the IRS – or contains the IRS seal – is likely to be a scam from people trying to get your personal information. If you have any questions, please contact us.
2. Unbelievably large refunds. Unrealistic promises of larger than normal refunds, guarantees of huge payouts regardless of your actual financial situation is probably a scam. Remember what your grandfather used to say: “If it sounds too good to be true…..”
3. Tax preparation fees as a % of refund. No credible accountant bases their fees on a percentage of a refund. A refund of $10,000 with a 20% fee (or $2000) sounds like a great way to abscond with $2,000 before the IRS denies the full refund. Trusted has preparers will quote a fee or a range for their fees without regard to the refund size.
Tags: Tax Information