Preparing and filing taxes is an important part of any business, but it can also be complicated. For that reason, many businesses turn to professional tax preparers.
However, choosing the wrong company to handle your taxes could result in tax return errors that could expose your business to costly penalties in the future.
BBB serving Central, Coastal, Southwest Texas and the Permian Basin recommends that you take the time and use caution when selecting a tax preparer. Every year, BBB receives thousands of complaints against tax preparers. In fact, BBB has seen a rise in tax preparer complaints over the last three years.
In 2013, BBB received nearly 4,000 complaints against tax return preparation businesses across the United States. Common complaints state that the tax preparer made errors in their return, which resulted in fines and fees. Other complaints allege customer service, billing and contract issues.
There is also the risk of tax identity theft. This occurs when someone uses your Social Security number and personal information to file a tax refund in your name. According to the Federal Trade Commission’s 2012 Consumer Sentinel Network Data Book, statistics show tax identity theft accounted for over 40 percent of identity theft complaints.
BBB offers the following advice when searching for a tax preparer: