Police say suspected Maoist rebels attacked a convoy of cars carrying local leaders and supporters of India's ruling Congress party in eastern India, killing at least 16 people and wounding 25 others.Full Story >
Officials reacted with outrage Sunday to an audacious attack by about 200 suspected Maoist rebels who set off a roadside bomb and opened fire on a convoy carrying Indian ruling Congress party leaders and members in an...Full Story >
The winner of the men's race at the Boston Marathon says he is returning his winner's medal to honor the city and those killed and injured in the terrorist bombings near the finish line of one of the...Full Story >
The winner of the men's race at the Boston Marathon says he is returning his winner's medal to honor the city and those killed and injured in the terrorist bombings near the finish line of one of the world's top...Full Story >
The woman hired to clean up Rutgers' scandal-scarred athletic program quit as Tennessee's women's volleyball coach 16 years ago after her players submitted a letter complaining she ruled through...Full Story >
The woman hired to clean up Rutgers' scandal-scarred athletic program quit as Tennessee's women's volleyball coach 16 years ago after her players submitted a letter complaining she ruled through humiliation, fear...Full Story >
You finally got your W-2 statements and now you are all set to start on your 2012 tax return. If you're paying someone to do it, you need to be careful. It is not hard to spot the red flags of an unethical tax preparer.
CPAs and Enrolled Agents are highly-trained professionals, but the problem is that you don't have to be one to say you're a tax preparer - just about anyone can hang a shingle. This means a lot of people with little or no training try to do the job and some that are outright dishonest. So, how do you know if the preparer you're considering really knows what he is doing?
Aaron Blau, CPA and also the President of the Central Arizona Chapter of Enrolled Agents, says the first red flag of an untrained or dishonest tax preparer is a fee that is too high or too low.
"Somebody who charges way too low may be doing a large volume and not preparing the returns correctly. Somebody charging way too much may be trying to based their fee off your refund and that's not allowed in the industry," Blau said.
Another sign of a tax prep scam: A tax preparer that won't sign the return.
"At the bottom of page two it says any paid professional must sign the tax return and if yours is not signing, they're probably not doing something correctly," Blau said.
Blau says even when the preparer does sign it, the taxpayer is still ultimately responsible for any errors. A preparer who claims to be financially responsible for any mistakes is not telling the truth.
"So if you have a bad professional that creates a bad return, and gets audited, you're the only one that's going to be subject to fines, penalties, and interest," Blau said.
The IRS established new regulations for lesser-trained preparers that tries to bring them at least a little closer to Enrolled Agents and CPAs, but a district court in Washington D.C. disallowed those regulations.
So 400,000 mostly small-time tax preparers, who were supposed to pass exams and have continuing education, now don't have those requirements any longer. So it's more important than ever to look for red flags and ask questions.
Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.
Saturday, May 25 2013 9:52 PM EDT2013-05-26 01:52:50 GMT
Memorial Day weekend began with a violent 24 hours in the City of Cincinnati. Two people were killed and three others wounded in four separate shootings. Despite the recent gunfire, the faith communityFull Story >
Memorial Day weekend began with a violent 24 hours in the City of Cincinnati. Two people were killed and three others wounded in four separate shootings. Despite the recent gunfire, the faith community delivered a message of hope.Full Story >
Saturday, May 25 2013 10:21 PM EDT2013-05-26 02:21:50 GMT
LOUISVILLE, KY (WAVE) – The first Bardstown police officer killed in the line of duty in the department's 150-year history was ambushed, possibly from a hilltop, according to the Jefferson County Coroner'sFull Story >
The coroner said a 12-gauge shotgun was used to shoot K-9 Officer Jason Ellis multiple times -- possibly from a hilltop -- early Saturday morning on an off-ramp leading from the Bluegrass Parkway to Highway 55 in Nelson County.Full Story >
Saturday, May 25 2013 8:26 PM EDT2013-05-26 00:26:42 GMT
Police responded to a fatal shooting in Millvale on Saturday afternoon. It happened in the 3000 block of Bowling Green Court around 1 p.m. Upon arrival, officers found Quentin Snell, 21, inside a vehicleFull Story >
It happened in the 3000 block of Bowling Green Court around 1 p.m. Upon arrival, officers found Quentin Snell, 21, inside a vehicle. He was pronounced dead at the scene. A second victim was taken to a nearby hospital.Full Story >
Saturday, May 25 2013 7:23 PM EDT2013-05-25 23:23:27 GMT
BARDSTOWN, KY (WAVE) - K-9 Officer Jason Ellis, 33, was shot and killed on the ramp of Exit 34 from the Bluegrass Parkway to Highway 55 in Nelson County early Saturday morning. A 911 call from a womanFull Story >
K-9 officer Jason Ellis, 33, was the first Bardstown police officer killed in the line of duty.Full Story >
Saturday, May 25 2013 9:09 PM EDT2013-05-26 01:09:34 GMT
A group of concerned Tri-State residents joined a national movement on Saturday regarding genetically engineered foods and the seed giant Monsanto. "March Against Monsanto" organizers say they're callingFull Story >
"March Against Monsanto" organizers say they're calling attention to the dangers posed by genetically modified food and the companies that produce it.Full Story >
Monday, May 6 2013 1:29 PM EDT2013-05-06 17:29:07 GMT
A man charged with public indecency is expected to appear in court. Police say 36-year-old Jason Fletcher and Laura Oditt engaged in sexual conduct in a public place. The location is not named in courtFull Story >
A man charged with public indecency is expected to appear in court.Full Story >
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