Taxpayers at risk of getting scammed by preparers
Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey.
Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey.
Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn’t present them with information about the fees ahead of time.
KPMG unveils Ignition Center in Chicago; Withum opens learning lab at the University of Central Florida; and more CPA news.
EisnerAmper and Dixon Hughes Goodman add principals; HHM CPAs hires four in Chattanooga office; and other recent hires, promotions and personnel news from firms across the country.
The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.
Some 50 million taxpayers have not yet filed their tax returns.
The Democratic socialist who promotes policies to raise taxes on millionaires and billionaires plans to make public his federal tax returns by April 15.
The Massachusetts Society of CPAs hosted more than 70 local college students at PwC’s offices for a workshop on accounting career paths.
When Hayden Myer made an eye doctor’s appointment for the end of April, he told the clinic that he might not show up for the visit if his tax refund didn’t arrive in time.
Although the Tax Cuts and Jobs Act increased take-home pay somewhat, millions of households treat tax refunds as a built-in component of their annual budget.