by Jim Donovan
PHILADELPHIA (CBS) — It’s formally tax season. The IRS is now accepting digital tax returns.
However, as three On Your Aspect’s Jim Donovan explains, there are some issues it is best to know when you plan to file your taxes early.
Hundreds of thousands of People will quickly put their most delicate private and monetary info within the palms of Uncle Sam.
That’s why it’s so essential to decide on a tax preparer correctly.
The IRS says, all the time make it possible for your tax preparer has an IRS tax preparer identification quantity, keep away from tax preparers who base their charge on a proportion of your refund, and be suspicious in case your tax preparer doesn’t ask for receipts.
In case your preparer doesn’t ask sufficient questions on deductions and credit, that might be a warning signal that one thing is improper.
Additionally, by no means signal a clean tax return.
Tax time can also be prime season for id theft.
By no means give your private info over the telephone or on-line, until you began the dialog and may affirm the id of your tax skilled or an IRS worker.
Some widespread examples of id theft from tax returns embrace discovering out that multiple tax return was filed utilizing the identical social safety quantity, or data that point out you acquired wages or different revenue from an employer you didn’t work for.
The IRS, particular person states, and the tax business have enact new safeguards to fight tax-associated id theft.