-
Weather
-
Just In
-
Program Alert
Local News
Tips for avoiding tax scams
From Form 2441, Schedule 1, 2 or 3 and Schedule D - taxes can make you crazy.
If you previously used a social network to login to WRAL.com, click the “Forgot your password” link to reset your password.
15 NC counties are under alert, including Cumberland and Johnston counties. Details
Wake County Board of Commissioners votes to rename Cameron Village Regional Library — The Wake County Board of Commissioners voted unanimously on Monday to rename Cameron Village Regional Library to Village Regional Library.
At 5, WRAL Investigates COVID's impact on rising home sales in the Triangle & breaks down which counties are seeing the biggest increases. — Despite a troubled economy, Triangle home sales are on the rise. At 5, WRAL Investigates breaks down which counties are seeing the largest increases in sales and home prices.
From Form 2441, Schedule 1, 2 or 3 and Schedule D - taxes can make you crazy.
% OF ITS 161,000 STUDENTS PLAN TO RETURN TO CLASS. >>> TWO DAYS AWAY FROM TAX FILING SEASON. EXPERTS SAY IT IS MORE IMPORTANT THAN EVER TO FILE YOUR TAXES AS SOON AS POSSIBLE TO THE PANDEMIC LED TO CHANGES IN THE TAX CODE WHICH AFFECT INDIVIDUAL RETURNS AND REFUNDS. IN ADDITION, THIS YEAR'S TAX SEASON IS SHORTER THAN USUAL. EXPERTS SAY IT IS IMPORTANT TO FILE EARLY TO PROTECT AGAINST FRAUD. SOMEONE ELSE COULD CASH IN ON A RETURN THAT IS RIGHTFULLY YOURS. >>> MAKE SURE YOU DON'T IGNORE POSSIBLE ISSUES WHEN FILING TAXES. 5 ON YOUR SIDE MONICA LALIBERTE HEARD FROM A LOCAL TAX PREPARER WHO HELPED A CLIENT CORRECT A FRAUDULENT RETURN FROM ANOTHER TAX PREPARER. >> Reporter: IT IS TIME TO START GATHERING DOCUMENTS, I KNOW IT IS SUCH A PAIN, I'M SO THANKFUL FOR THIS HANDY CHECKLIST MY TAX PREPARER SENDS ME. KNOW THIS, IF YOU HAVE SOMEONE HELP YOU WITH YOUR TAXES, MAKE SURE THEY ARE ON THE UP AND UP. FORM 2441, SCHEDULE ONE, TWO, OR THREE AND SCHEDULE D. TAXES CAN MAKE YOU CRAZY. IT IS NO WONDER SO MANY OF US NEED HELP. JUST WATCH WHO YOU HIRE. >> ULTIMATELY, THE TAXPAYER IS RESPONSIBLE FOR WHAT IS ON THE TAX RETURN. >> Reporter: THIS IS A FEDERALLY LICENSED TAX PROFESSIONAL. SHE WANTED TO SHARE A WARNING AFTER A CLIENT NEEDED HELP WITH A TAX RETURN DONE BY SOMEONE ELSE. >> SHE NOTICED AT A LATER DATE A VERY LARGE SUM OF DONATIONS WAS DEDUCTED AND ALSO A CREDIT SHE IN NO WAY QUALIFIED FOR WAS ON THE RETURN. >> Reporter: SHE AMENDED THE TROUBLED RETURN SUBMITTING CORRECT INFORMATION. >> THE REFUND SHE RECEIVED SHE SHOULD NOT HAVE IS GOING TO BE REPAID. >> Reporter: THE CLIENT NOW OWES THE IRS $560 PLUS PENALTIES AND INTEREST. A COUPLE OF RED FLAGS TO SHOW IT IS NOT ON THE UP AND UP, THE TAX PREPARER DOES NOT HAVE A REQUIRED PREPARER TAX IDENTIFICATION NUMBER. IT IS ISSUED BY THE IRS. THE PREPARER DOES NOT SIGN YOUR TAX FORM. ALSO, THE PREPARATION FEE IS A PERCENTAGE OF YOUR REFUND OR JUST VERY HIGH COMPARED TO OTHER PREPARERS. >> THEY MIGHT CHARGE $400-$600 FOR A RETURN THE PERSON COULD GET DONE SOMEWHERE ELSE FOR 200 TO 300. KNOW WHATEVER THE IRS FINDS, THEY SHARE THAT INFORMATION WITH THE STATE. IF YOU NEED HELP FINDING A TAX PROFESSIONAL WITH IRS CREDENTIALS, GO TO IRS.GOV, AT THE TOP RIGHT-HAND CORNER YOU WILL SEE TAX PROS, CLICK THERE, IT IS A GREAT PLACE TO START.