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Category: tax preparer defense

IRS Penalties That Tax Preparers Can Face

  While taxpayers are legally responsible for the items on their return, tax preparers can also face penalties for fraudulent or reckless conduct. These penalties can even apply to “ghost tax preparers” who don’t sign the returns they prepare.

Criminal Tax Exposure for CPAs and Other Tax Preparers

  Tax preparers such as CPAs face a lot of pitfalls and potential traps when dealing with clients. In case such an event happens, only a qualified tax defense attorney can help to resolve the criminal tax exposure that CPAs face. Although CPAs help clients to sort out their taxation problems, they are often the… Read more »

Tips for Tax Preparers to Avoid IRS Investigations

IRS tax preparer audits

Things to Keep in Mind to Avoid an IRS Preparer Audit As another tax season begins, tax preparers are once again battling to retain existing clients and attract new ones. Competition among tax preparers is fierce, but tax professionals must be careful not to run afoul of IRS regulations in their quest to grow their… Read more »

Tax Preparer Audit Red Flags

Why the IRS Investigates Preparers Profiling is illegal in criminal court, but it happens all the time in tax court cases. That’s especially true among tax preparer investigations, as T-men usually look for “red flags” to decide which tax prepares to audit. Some red flags in personal 1040s include even-number deduction claims (e.g. monthly utilities… Read more »

Top Three Reasons The IRS Will Audit Tax Preparers

Learn to Avoid IRS Tax Preparer Audits The best way to eliminate the consequences of a dangerous situation is to know how to avoid that situation in the first place.  There are many reasons the IRS might want to audit a tax preparer.  Below is a brief discussion of the top 3 reasons why the… Read more »

What You Need To Know About Tax Preparer Investigations

Professional tax preparers are not only held to a higher standard when they prepare their return, they are also held to a higher standard in terms of tax preparer investigations.  This is due in large part  to the way many  law enforcement agencies — including the Criminal Investigation Division at the IRS — conisder a… Read more »

Your Responsibilities As A Tax Preparer

Tax Preparer Audit

Basic Due Diligence Requirements for Tax Preparers Christmas usually comes a little late for most third-party tax preparers, as most of these professionals do the bulk of their business in the first quarter of the year. Although various do-it-yourself platforms, such as TurboTax, have cut into their market-share over the past several years, there are… Read more »

EITC Due Diligence Penalties

Don’t Get Blindsided by the IRS: Vital Information about the IRS’s EITC Due Diligence Penalties The IRS Hopes to Blindside Private Tax Preparers The IRS has launched a campaign to step up efforts in enforcing the Earned Income Tax Credit (EITC) duty of due diligence.  The Internal Revenue Service has recently raised penalties for when… Read more »