+ Bookmark This Page    
Preferences  |  8:32 AM
  1. Home
  2. Latest Press Releases
  3. Submit Press Releases
  1. PR Home
  2. News Archive
  3. By Category
  4. By Location
  5. By Date
  6. By Tag
  7. Newsletter
  8. 40,000 RSS Feeds
  9. Submit Free Press Release
   
Filter News
Show All Results

Show Filtered Results

Category
- Marketing (x)

Country
- United States (x)

State / Province
- Pittsburgh (x)

City / Town
(To see all cities,
remove category filter)

Beware of Last Minute Illegal Tax Tricks

Haven't filed your tax return yet? The California Tax Education Council cautions consumers to watch out for tax scams.
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)Apr 01, 2009 – The California Tax Education Council (CTEC) warns thousands of illegal tax preparers are doing business statewide and use the last minute rush to prey on uninformed or distracted taxpayers.  Below are the most common, and often costly, tricks used by dishonest tax preparers.

Tax Trick 1:  No license or registration? No accountability
California law defines only four groups of professionals who can prepare your tax return for a fee:  Attorneys, Certified Public Accountants (CPAs), CTEC Registered Tax Preparers (CRTPs) or Enrolled Agents (EAs).  

If you cannot verify the tax preparer as one of those four professionals, he or she may be breaking state law.  Hiring an illegal tax preparer can prevent you from having legal recourse against fraud, as well as increase your chances for additional taxes, interest and fines.  If you hire an illegal tax preparer, there is no guarantee of accountability or protection against fraud if problems arise.  

Tax Trick 2:  Advertises guaranteed or bigger refunds  
As tempting as it sounds, no tax preparer can guarantee you a refund, at least not legally.  To do so most dishonest tax preparers will exaggerate deductions and credits.  The taxpayer will get the refund as promised, but the IRS will eventually catch the error.  

Remember in the end, it is you, not the tax preparer, who is ultimately held accountable for the information on the tax return, no matter if it is done accurately or fraudulently.  

Tax Trick 3:   Claims only your signature is required
By law paid tax preparers are required to sign your tax return.  Their signature signifies that the information on your tax return is true and correct to the best of their knowledge.  If they do not sign, there is no proof of accountability.  Think about it:  If the tax preparer is unwilling to stand by his or her work and sign your tax return, is that not a red flag warning?  

For more information or to verify a CRTP visit www.ctec.org or call (877) 850-CTEC.

# # #

CTEC is a nonprofit organization that was established in 1997 by the California State Legislature to protect the public by registering tax preparers within the state. Last year CTEC registered more than 42,000 tax preparers statewide.


To embed this press release, copy and paste the following HTML code into your webpage-
# # # Click to see PDF Version of this Press Release

Email to a Friend     Visit Press Room       Previous News   Next News


Email Contact:Click to email (Partial email =  @ctec.org) Email Verified
Issued By:California Tax Education Council
Phone:916-447-8229
Address:PO Box 2890 Sacramento, CA 95812
City/Town:Sacramento / San Francisco Bay Area
State/Province:California
Zip:95814
Country:United States
Categories:Consumer, Finance, Accounting
Tags:taxes, tax preparer, irs, fraud
Last Updated:Apr 01, 2009
Shortcut:http://prlog.org/10209737

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog.Org can't be held liable for the contents of the press releases.   Report Abuse


Latest Press Releases From “California Tax Education Council”


Upcoming Press Releases...


Most Viewed Weekly

Hemispherx BioPharma, Inc hit by shareholder lawsuit - 2826 views

STEC, Inc. hit by shareholder lawsuit - 1367 views

Youbet.com, Inc. board under investigation - 1019 views

The Boeing Company hit by shareholder lawsuit - 928 views

25 Smokin’ Figurados Interviewed on DogWatch Cigar Radio - 915 views


Daily News!

Flooding Update From Ennis And County Clare - 5.10pm 21 Sat 09

Down the Memory Lane – BITS Pilani1966-1971 Batch Alumni Anmol Reunion

Success At The National Painting and Decorating Show For The PDA

The 3rd Annual Middle East Hospitality Expansion Congress takes place from November 22nd – 23rd

Perfexion, Inc. Listed In Philadelphia Business Journal's Top 25 Web Site Design Agencies

Previous   Next

Apr 01, 2009 News

Apr 2009 News

Are you a Journalist?

For Businesses ...

Tutorial on Free Marketing


November 2009
Su Sa Fr Th We Tu Mo
22 21 20 19 18 17 16
15 14 13 12 11 10 9
8 7 6 5 4 3 2
1
October 2009
31 30 29 28 27 26



  1. SiteMap
  2. Contact PR Log
  3. Privacy Policy
  4. Terms of Use
  5. Copyright Notice