Is your tax preparer honest?
I sure hope so. Because if they’re caught preparing fraudulent income tax returns on your behalf, you could face some serious problems even if you’re completely innocent!
Want to find out how to stay on the right side of the law and avoid an IRS audit caused by your tax preparer? Read my new article titled Tax Tips: Fraud by Tax Preparer Creates Big Trouble for Client.
Three ways our fact-filled article can help you:
- We’ll explain the impact of the statute of limitations. In general, the IRS has three years from the date you file your tax return to audit it and propose adjustments. In the case of fraud, the IRS can audit your return any time and there’s no limit on how far back the IRS can go! You’ll get the whole story when you read the full article.
- We’ll tell you about the landmark Goosby/Allen case that set an important precedent. Goosby was the tax preparer who submitted a fraudulent tax return for Allen who was innocent of any wrongdoing. Allen’s innocence didn’t seem to matter much to the tax court that ruled that Goosby’s fraud extended the period during which the IRS can audit that tax return from the usual three years to forever! We’ll explain the details of this precedent-setting case when youread the full article.
- We’ll remind you that you are responsible for the accuracy of your tax return. The tax court cited five tax law principles that apply to you and all taxpayers. It’s extremely important that you know what they are and I urge you to review them right now. You’ll find all five listed when you read the full article.