{"id":345,"date":"2020-03-17T11:12:00","date_gmt":"2020-03-17T11:12:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/03\/17\/five-signs-to-know-if-your-tax-preparer-is-a-fraud\/"},"modified":"2020-03-17T11:12:00","modified_gmt":"2020-03-17T11:12:00","slug":"five-signs-to-know-if-your-tax-preparer-is-a-fraud","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/03\/17\/five-signs-to-know-if-your-tax-preparer-is-a-fraud\/","title":{"rendered":"Five Signs to Know if Your Tax Preparer is a Fraud"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">SACRAMENTO, California<\/span>, <span class=\"xn-chron\">March 17, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0It is a typical scenario. Your neighbor refers a tax preparer who helped him get a big tax refund. You go to the tax preparer. You tell him you&#8217;re not great at keeping records. The tax preparer says not to worry, he&#8217;ll estimate.<\/p>\n<div id=\"prni_dvprnevida6cfleft\" title=\"Is your tax preparer California approved?\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><object classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" id=\"prnevida6cfleft\" name=\"prnevida6cfleft\" width=\"512\" height=\"288\" align=\"middle\"><param name=\"movie\" value=\"https:\/\/stream1.newswire.ca\/static\/StrobeMediaPlayback.swf\"\/><param name=\"allowfullscreen\" value=\"true\"\/><param name=\"allowscriptaccess\" value=\"always\"\/><param name=\"seamlesstabbing\" value=\"true\"\/><param name=\"wmode\" value=\"opaque\"\/><param name=\"flashvars\" value=\"src=https:\/\/mma.prnewswire.com\/media\/1123430\/California_Tax_Education_Council_Tips.mp4&amp;skin=http:\/\/stream1.newswire.ca\/FlexPlayer\/jwplayer\/skin\/en.xml&amp;autostart=false\"\/><object name=\"prnevida6cfleft\" width=\"512\" height=\"288\" align=\"middle\" type=\"application\/x-shockwave-flash\" data=\"https:\/\/stream1.newswire.ca\/static\/StrobeMediaPlayback.swf\"><param name=\"movie\" value=\"https:\/\/stream1.newswire.ca\/static\/StrobeMediaPlayback.swf\"\/><param name=\"allowfullscreen\" value=\"true\"\/><param name=\"allowscriptaccess\" value=\"always\"\/><param name=\"seamlesstabbing\" value=\"true\"\/><param name=\"wmode\" value=\"opaque\"\/><param name=\"autostart\" value=\"false\"\/><param name=\"flashvars\" value=\"src=https:\/\/mma.prnewswire.com\/media\/1123430\/California_Tax_Education_Council_Tips.mp4&amp;skin=http:\/\/stream1.newswire.ca\/FlexPlayer\/jwplayer\/skin\/en.xml&amp;autostart=false\"\/><\/object><\/object><\/div>\n<p>You get a big refund. You&#8217;re thrilled. The tax preparer says because he helped you get such a big refund, he&#8217;ll take 15 percent of it as part of his fee. You sign the return. You look at his signature line that only includes a business label. At least it&#8217;s not blank, right? Wrong. Below are common signs your tax preparer is a fraud.<\/p>\n<p><b>Claims they are endorsed by the IRS \u2013 <\/b>The <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=2895614561&amp;u=https%3A%2F%2Fwww.irs.gov%2F&amp;a=Internal+Revenue+Service\" rel=\"nofollow\">Internal Revenue Service<\/a><\/u>\u00a0does not endorse tax preparers. It only recognizes certain credentials \u2013\u00a0 <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=3851244215&amp;u=https%3A%2F%2Fwww.aicpa-cima.com%2Fdesignations-certifications%2Fcertified-public-accountant-cpa.html&amp;a=certified+public+accountants+(CPAs)\" rel=\"nofollow\">certified public accountants (CPAs)<\/a><\/u>, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=3468208999&amp;u=https%3A%2F%2Fwww.irs.gov%2Ftax-professionals%2Fenrolled-agents%2Fenrolled-agent-information&amp;a=enrolled+agents\" rel=\"nofollow\">enrolled agents<\/a><\/u> or <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=2880323567&amp;u=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FAttorney&amp;a=attorneys\" rel=\"nofollow\">attorneys<\/a><\/u>. They have unlimited representation rights before the IRS. Some states have additional standards for other tax preparers. For example, <span class=\"xn-location\">California<\/span> requires unlicensed tax preparers to complete tax courses and register with <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=2983834613&amp;u=https%3A%2F%2Fwww.ctec.org%2F&amp;a=California+Tax+Education+Council+(CTEC)\" rel=\"nofollow\">California Tax Education Council (CTEC)<\/a><\/u><b>.<\/b><\/p>\n<p><b>Doesn&#8217;t have a PTIN \u2014 <\/b>Anyone who prepares federal tax returns for a fee is required by the IRS to have an individual <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=4260472111&amp;u=https%3A%2F%2Fwww.irs.gov%2Ftax-professionals%2Fptin-requirements-for-tax-return-preparers&amp;a=Preparer+Tax+Identification+Number+(PTIN)\" rel=\"nofollow\">Preparer Tax Identification Number (PTIN)<\/a><\/u>\u00a0and include it on federal returns.<\/p>\n<p><b>Signs with a label or as &#8220;self prepared&#8221; \u2014 <\/b>Paid tax preparers are required to sign your returns. Beware it they sign it &#8220;self prepared&#8221; or use a business label.<\/p>\n<p><b>Takes a percentage of your refund as payment \u2014 <\/b>Beware of tax preparers who base their fee on a percentage of your refund or claim they can obtain larger refunds than competitors. The fee should be based on the complexity of your return, not your refund.<\/p>\n<p><b>Suggests you direct deposit your refund to an outside account \u2014 <\/b>Questionable tax preparers may tell you it is more convenient; however, it is one of the most common ways scammers steal refunds. Your refund should always go directly to you. <\/p>\n<p>CTEC is a nonprofit organization that was established in 1997 by the California State Legislature to protect taxpayers against fraud. Visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=2137237303&amp;u=https%3A%2F%2Fwww.ctec.org%2F&amp;a=ctec.org.\" rel=\"nofollow\">ctec.org.<\/a><\/u><\/p>\n<p>Video &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2748699-1&amp;h=3079798897&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1123430%2FCalifornia_Tax_Education_Council_Tips.mp4&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1123430%2FCalifornia_Tax_Education_Council_Tips.mp4\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1123430\/California_Tax_Education_Council_Tips.mp4<\/a><\/p>\n<p\/>\n<p>SOURCE  California Tax Education Council (CTEC)<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SACRAMENTO, California<\/span>, <span class=\"xn-chron\">March 17, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0It is a typical scenario. Your neighbor refers a tax preparer who helped him get a big tax refund. You go to the tax preparer. You tell him you&#8217;re not great at keeping records. The tax preparer says not to worry, he&#8217;ll estimate.<\/p>\n<div id=\"prni_dvprnevida6cfleft\" title=\"Is your tax preparer California approved?\" dir=\"ltr\">&lt;object classid=&quot;clsid:D27CDB6E-AE6D-11cf-96B8-444553540000&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-345","post","type-post","status-publish","format-standard","hentry","category-aaron-sanchez"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Five Signs to Know if Your Tax Preparer is a Fraud - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/03\/17\/five-signs-to-know-if-your-tax-preparer-is-a-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Signs to Know if Your Tax Preparer is a Fraud - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"SACRAMENTO, California, March 17, 2020 \/PRNewswire-HISPANIC PR WIRE\/ --\u00a0It is a typical scenario. 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