According to Forbes, the Department of Justice recently asked a federal court to shut down a tax preparation company due to preparing false income tax returns. Unfortunately, this is not the first tax return preparer fraud has been investigated. Tax fraud is a federal crime and comes with serious consequences. This is why it is extremely important to know what to look for when choosing your tax preparer.
“… Maryland Comptroller Peter Franchot announced that he had suspended processing electronic and paper tax returns from 16 Liberty Tax Service franchise locations…citing “a high volume of questionable returns received.” … bringing the total number of Liberty Tax Service franchise locations under scrutiny to 23.”