Tax filing season is a time to choose wisely

The Internal Revenue Service’s Criminal Investigation Division (IRS-CI), reminds taxpayers to file accurate tax returns and choose a tax preparer wisely. The nation’s tax season started Feb. 12, when the agency began accepting and processing 2020 tax year returns.

U.S. persons are subject to tax on worldwide income from all sources. Most taxpayers meet this obligation by reporting all taxable income and paying taxes according to the law.

However, those who willfully hide income, should know that the IRS works across its divisions to ensure the highest possible tax compliance.

Taxpayers found to commit fraud, may be subject to penalties, including payment of taxes owed, plus interest, fines and jail time.

Tips to follow when choosing a tax preparer:

• Look for a preparer who is available year-round, in case questions arise after the filing season.

• Ask if the preparer has an IRS Preparer Tax Identifi cation Number (PTIN), which is required for paid preparers.

• Inquire about the preparer’s credentials and check their qualifications.

• Ask about service fees. Avoid preparers who base fees on a percentage of their client’s refund or claim to offer a bigger refund than their competition.

• Never sign a blank or incomplete return, and review it before signing. Refunds should go directly to the taxpayer, not the preparer.

For more tips on choosing a tax professional or to file a complaint against one, visit IRS.gov. Taxpayers who suspect tax violations by a person or business, may report it to the IRS using Form 3949A, Information Referral.