Hiring the Wrong Tax Professional May Cost You...Alot

I have a few cases right now that owe about 2.5 million dollars in back taxes combined.  And what do these cases have in common?  They are all self-employed business owners that initially hired the wrong professional to handle their tax matters.  These supposed "tax professionals" in some instances, filed frivolous returns, embezzled money, and failed to incorporate my clients' corporations correctly, costing them hundreds of thousands of dollars in back taxes, various penalties and interest.   This creates one whopper of a tax problem for me to unravel. 
Business owners should have a qualified tax professional handle their books, records, and tax returns.  If done incorrectly, they could be in for a big, expensive mess like my clients mentioned above.  So what can a consumer like you do to protect yourself?  Here are some helpful things to remember:

1.  Always do your research.  Check out these outfits or individuals on the Better Business Bureau website before hiring them
2. Meet with them in person, and check out their credentials
3. Get more than one opinion
4.  If something sounds too good to be true, it probably is.  Be wary of accountants who promise large refunds or who say you can deduct everything
5.  Get referrals from trusted colleagues

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