|With your name on the line, it's important to make sure your taxes are done right.|
Any tax preparer who flat-out guarantees a big tax refund may be leading you on -- especially if they haven't seen your financial documents yet.
"One of the biggest scams are tax preparers who advertise they can guarantee you the biggest refund before they even look at your tax information," explains Yvette Rebella, a board member of the California Tax Education Council, a nonprofit tax organization. One potential tactic that results from their promise of a big refund is to juggle the numbers on your tax return to generate the big payout, but that risks an IRS review and bigger problems down the road. Your preparer doesn't have proper credentials.
You can avoid potentially serious issues simply by checking to see if your tax preparer has the correct identification. The IRS recently began assigning Preparer Tax Identification Numbers (called "PTINs"), so if your tax specialist can't provide one, you may be courting trouble by using an unlicensed preparer.