By Brandon Ballenger
NEW YORK (MoneyTalksNews) — Nothing is certain except death, taxes, and people scared to death of taxes.
That’s part of what makes tax season ripe for con artists. They prey on fear and lurk anywhere they catch a whiff of quick money. Some even find ways to defraud taxpayers out of millions — while in prison!
In the video below, Money Talks News founder and CPA Stacy Johnson continues our series on tax hacks with a look at common tax-related schemes and scams. Check it out, and then read on for more.
Now let’s take a closer look at common tax-related rip-offs.
Most of us have laughed off fake emails claiming we’ve won the lotto. (By the way, that recent Facebook class action one is real.) But a scary message from “the IRS” might be more persuasive in parting us from our personal information.
2. Fishy accountants
If you have a pro doing your taxes, make sure they’re playing by the rules. There are preparers who might suggest inflating your refund by fudging numbers or faking information, sometimes in exchange for a cut of the extra refund money. Just say no.
Remember: Whoever prepares it, you’re signing your return and you’re on the hook for what’s on it.