BC Advantage - 2006 Issue 1

Can you trust your tax preparer? Tips to keep you confident if the auditor cometh for 2005

Income taxes confuse and intimidate enough people that paid preparers complete more than 60 percent of individual returns.Still, taxes are tricky even for the pros. Consider that nearly 33,000 federal returns signed by paid preparers last year claimed child tax credits for kids too old to qualify.Finding a preparer is pretty easy: The Charlotte phonebook alone lists nearly 200 tax offices. Getting a reliable one is a different issue.Choose poorly and taxpayers can end up paying hundreds or thousands in penalties and fines for fraudulent or incorrect returns filed by a preparer they hired.There...

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