Watch out for bad tax advisors.  The IRS is certainly keeping an eye out for them.  They are sending undercover clients to catch some of these guys.

“These guys” are tax preparers who know all the ins-and-outs of tax deductions, including the ones you aren’t even entitled to.  They help you navigate through the waters of income tax calculation by adding amounts that you never paid or subtracting amounts that you never made. 

Basically, they’re the guys that tell you that you can take a deduction on certain things, if you skew the numbers a certain way in your income tax calculation.  They’re the ones who tell you to list your dog as a dependent, or to start a phony business.    Read more... (320 words, estimated 1:17 mins reading time)