Who's Preparing Your Taxes?
Did you hire someone to prepare your taxes for you this year? If so, don't miss my colleague Al Crenshaw's story today, Some Tax Preparers Don't Add Up. In a small study run by the Government Accountability Office, commercial tax preparers made errors, sometimes amounting to more than $1,000 in incorrect refunds and overpayments, in 100 percent of returns brought to them by a government agency seeking to test the accuracy of work done by large chain tax-preparation firms.
The GAO does say that the study is small and can't be used to generalize the entire tax preparation industry. Even so, it can't hurt to check out the IRS' tips on choosing a tax preparer.
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