As the imminent tax filing deadline draws near, the spotlight not only shines on completing returns but also on the lingering apprehensions of awaiting refunds from bygone years. Amidst this backdrop, the chronic issues plaguing IRS customer service loom large, with accessibility to assistance reaching alarming lows in recent times.

The distressing statistics reveal a stark reality:

In 2021, a mere 11% of callers managed to connect with IRS representatives, a figure that saw only a marginal uptick to 13% in 2022. However, a glimmer of hope emerged in 2023 as the IRS responded to 87% of calls, owing to the addition of 4,000 new customer service personnel.

Yet, amidst the sea of inquiries inundating IRS channels, concerns surrounding refunds stand out prominently. The IRS sounds a clarion warning against a pervasive threat: unscrupulous tax preparers.

Consumers lured by the allure of hefty refunds may unwittingly fall victim to deceitful tactics employed by tax preparers. These nefarious actors capitalize on fabricating or exaggerating business losses and itemized deductions to artificially inflate refunds.

A common tactic involves the creation of fictitious businesses, such as a photography enterprise, with purported losses that offset regular W2 income. This manipulation results in a reduction of reported income, paving the way for inflated refunds.

The motivation behind such fraudulent schemes is crystal clear:

The promise of lucrative returns acts as a magnet for referrals from satisfied clients, thus expanding the preparer's client base and enabling them to command higher fees. This cycle perpetuates deception and exploitation of unsuspecting taxpayers.

In light of these risks, consumers must elevate their vigilance and take proactive measures to safeguard their financial integrity:

1. Verify the legitimacy of tax preparers by ensuring they possess a valid 2024 preparer tax identification number, as mandated by the IRS.

2. Insist on obtaining a signed copy of the return from the preparer. Failure to do so may raise suspicions of underhanded intentions, such as attempts to conceal involvement or manipulate figures post-submission.

3. Exercise caution against signing blank or incomplete returns, regardless of assurances from preparers. Thoroughly review every aspect of the return to preempt potential discrepancies.

4. Request documented proof of electronic submission to the IRS and retain a signed copy of the filed return for your records to substantiate its authenticity.

As the deadline looms, heightened awareness is paramount to mitigate the risks posed by fraudulent tax preparers:

By adopting these proactive measures, taxpayers can navigate the filing process with confidence, fortifying their financial resilience against potential pitfalls lurking beyond tax deadlines.

In essence, beyond the rush to meet tax obligations lies a crucial imperative: safeguarding one's financial interests from exploitation and deception, ensuring a secure and stable financial future