Fraud Friday: An unscrupulous ghost preparer - Spidell

Fraud Friday: An unscrupulous ghost preparer


Another ramification of using an unscrupulous ghost preparer: pilfered economic impact payments. A typical tax prep scam involves the preparer diverting a client’s refund to their own account and sending the client a separate, smaller refund amount. When these preparers put their own bank information on their clients’ return, guess which bank account the EIP is deposited into? Bingo. The preparer’s, whose bank info is on file.

CPAs, get four hours of fraud CPE with our 2019 Fundamentals of Fraud Prevention and Detection On-Demand WebinarClick here for more information.