The fraudulent tax filings associated with TurboTax is so bad that now top lawmakers in the House and Senate have begun investigating fraudulent refunds. In 2013, the federal government lost $5.2 billion due to fraudulent tax filings. Given how things have exploded in 2014 with TurboTax, the losses are expected to increase further.
Longer term, the damage to individual’s credit history is the most frustrating issue, and potentially identity theft.
To avoid the TurboTax issues and the hassles of do-it-yourself tax preparation, hire a local CPA firm. The peace of mind is well worth it.
Canner Brody and Yan has been trusted for over 65 years serving individuals and small businesses in South Florida. We are certified Florida CPAs. Simply call 305-231-2150 and ask for Andrew Brody, Managing Partner.