Check Your Tax Returns

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Most taxpayers engage tax preparers to get their tax returns done for them. If you are such a person, you should ensure that the tax return prepared by your tax preparer is accurate. When you sign your tax return form, you are doing so ‘under penalties of perjury’. If your tax preparer prepares a tax return fraudulently, you may be held responsible.

There are some tax preparers who add certain things to a tax form to get the taxpayer a higher refund. Your signature does not automatically mean you are jointly responsible for such a fraud. Generally, if your tax preparer reported something but should have known better, and you as the taxpayer was not part of this and wasn’t expected to pick it up, then if you can show reasonable cause to prove that you were relying on the tax preparer’s advice, then you would be let off the hook. This means you will not be penalized but you still have to pay the tax and interest.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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