IRS Says Someone Might Be Cheating You 

( It’s almost that time of year again when tax returns must be filed. Meanwhile, Dan Zimmerman is still looking for answers to an old tax return. 

According to Zimmerman, the Internal Revenue Service destroyed the tax payment check he sent in. He resubmitted a payment and ended up with a $1,000 overpayment; the IRS has subsequently made empty promises but has taken no action. 

He said he’d phoned fifty times. The IRS has had severe problems with customer service. Just 11% of calls were successful in 2021. In 2022, it dropped to just 13%. 

Nonetheless, the IRS has increased its number of customer care agents by 4000. 

An IRS Special Agent says that around 85% of calls are now being answered. 

Although many of these inquiries are about anticipated refunds, Brian Watson, the agent, suggests that current filers should also be concerned about the possibility of being caught forging their tax returns. 

According to Watson, most preparers are doing things correctly, but he is discovering that some preparers include misleading information on forms, such as a fictitious firm. 

The consultant will start a company, maybe in photography, and that company will fail. The W2 income is decreased by the amount of the loss, increasing the refund. He thinks businesses might increase profits by encouraging customers to notify their friends about tax refunds. 

Watson claims that tax preparers may help you qualify for a larger refund by having more children. So, to get the largest possible refund, some tax preparers would “loan kids out,” meaning they will offer you their own child to include on your tax return. 

Take precautions. 

If you plan on using a tax professional, carefully review your tax return before submitting it. Get a signature from your tax preparer. 

Watson warns that “you’re the one who’s on the hook for the money” in the event of an issue, regardless of whether or not you hire a preparer.