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Bill and Clara were talking to their attorney Susan about their family. Clara: "It may be time to start the inheritance...
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My husband, who lives at home, has dementia and I worry about him wandering off and not being able to get back. Can you...
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In IR–2020–17, the Service warned taxpayers about "ghost" preparers who are not willing to sign returns. Some "ghost" preparers promise large refunds from these tax returns. Under federal law, a tax preparer must have an IRS Preparer Tax Identification Number (PTIN). A paid preparer must sign each return and include his or her PTIN. If a tax preparer is not willing to sign the return, consumers should be on guard. This is particularly a risk if the tax preparer promises a large refund or if a preparation fee is based on the size of the refund. Your ghost preparer may also have one or more of the following red flags. Requires payment in cash Pads income to qualify for tax credits Fakes deductions to increase refund Sends refunds to the preparer's bank account Information on selecting a tax preparer is available on IRS.gov. The IRS provides a Choosing a Tax...
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