Your Tax Strategy Should Include Keeping Your Eyes Out for a Scam

We live in a technology age. Everything is on computer. Our information has to be protected so it becomes increasingly important to keep your eyes peeled for scams. Especially around tax season, there are a variety of scams dealing with tax strategy. Understanding some of the red flags behind these tax strategy scams can help you avoid a lot of heartache.
The first very common tax strategy scam is for people to try to get a hold of your tax return. This scam can come in the form of someone offering to prepare your taxes for next to nothing only to change the address so the return is sent their way instead of to your mailbox. To avoid this scam, you should never give information to anyone that isn’t an accredited tax professional. Don’t allow your papers to be sent without you double checking all of the information.
Another common tax strategy scam is for someone to try to use your tax information as a form of identity theft. When you are preparing your taxes you have to realize that the information you include on tax forms is confidential information. You should always shred all information that has to do with your taxes, and, if you suspect any form of identity theft, you should report it immediately to prevent more problems.
Most of the time, you can spot a tax strategy scam because the person is trying to bring you in with a deal that is too good to be true. If it seems like it is too good of a deal, it probably is. For example, many scammers promise clients that they will be able to get more return from their taxes than anyone else. The problem is that these deals will often result if breaking the law or cheating you out of your income or identity. That kind of tax strategy is definitely not worth the cost.

Karla Dennis

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds.

Karla, CEO of consultancy firm Karla Dennis And Associates, Inc.™, has saved her clients thousands of dollars and has been featured in various media outlets such as Forbes, MSNBC, KTLA, Yahoo! Finance, and SmartMoney, marking her as the ultimate tax expert.

As of 2014, Karla became the new host on the “Mind Your Business” radio show, KTLK AM 1150, sharing her financial and business knowledge with the greater Orange County and Los Angeles areas. As a supporter of women’s rights and issues, Karla is part of the Women Network, an organization built to educate and mentor women. In addition, Karla is the radio host for Women Network Radio, a show that aims to uplift and empower women of all walks of life.