๐๐ก๐จ๐จ๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ ๐ก๐ญ ๐๐๐ฑ ๐๐ซ๐๐ฉ๐๐ซ๐๐ซ: ๐ ๐๐ญ๐จ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐ ๐๐๐ฌ๐ฌ๐จ๐ง
๐๐ก๐จ๐จ๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ ๐ก๐ญ ๐๐๐ฑ ๐๐ซ๐๐ฉ๐๐ซ๐๐ซ: ๐ ๐๐ญ๐จ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐ ๐๐๐ฌ๐ฌ๐จ๐ง
In New York City, two lifelong friends, Maharshi Chanv and Meet Sakariya, were pursuing their dreams โ Maharshi Chanv wanted to be a professional soccer player and Meet Sakariya aspired to be an inventor. But life took an unexpected turn, ๐น๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฏ๐ผ๐๐ต ๐๐ผ ๐ณ๐ฎ๐ฐ๐ฒ ๐ฝ๐ฒ๐ป๐ฎ๐น๐๐ถ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐ผ๐น๐ฎ๐๐ถ๐ป๐ด ๐๐ฎ๐ ๐น๐ฎ๐๐. Hereโs what happened:
During school, Meet Sakariya fell deeply in love with a short-statured girl. Obsessed with her, he became disconnected from the realities of life. One day, the girl approached Meet for help starting her career as a professional tax preparer. ๐ฆ๐ต๐ฒ ๐ฐ๐ผ๐ป๐๐ถ๐ป๐ฐ๐ฒ๐ฑ ๐ต๐ถ๐บ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ ๐๐ฎ๐ ๐ฎ ๐๐ฟ๐๐๐๐๐ผ๐ฟ๐๐ต๐ ๐ฝ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ๐ฟ ๐๐ถ๐๐ต ๐ฎ ๐๐ฎ๐น๐ถ๐ฑ ๐น๐ถ๐ฐ๐ฒ๐ป๐๐ฒ ๐๐ผ ๐ฝ๐ฟ๐ฎ๐ฐ๐๐ถ๐ฐ๐ฒ.
Excited, Meet recommended her to Maharshi as well. ๐๐๐ Maharshi Chanv, ๐ฏ๐ฒ๐ถ๐ป๐ด ๐ฐ๐ฎ๐๐๐ถ๐ผ๐๐, ๐ฎ๐ฑ๐๐ถ๐๐ฒ๐ฑ Meet Sakariya ๐๐ผ ๐๐ฒ๐ฟ๐ถ๐ณ๐ ๐๐ผ๐บ๐ฒ ๐ธ๐ฒ๐ ๐ฝ๐ผ๐ถ๐ป๐๐ ๐ฏ๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐ฒ๐ป๐๐ฟ๐๐๐๐ถ๐ป๐ด ๐ต๐ฒ๐ฟ ๐๐ถ๐๐ต ๐๐ฎ๐
๐ฝ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ถ๐ผ๐ป:
๐ฅ๐ฒ๐๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ๐ฟโ๐ ๐๐ถ๐๐๐ผ๐ฟ๐: Check for disciplinary actions and license status on platforms like BBB or the IRS Directory.
๐๐ป๐๐๐ฟ๐ฒ ๐ฎ ๐ฉ๐ฎ๐น๐ถ๐ฑ ๐ฃ๐ง๐๐ก: Verify that the preparer has a valid Preparer Tax Identification Number and is willing to sign the return.
๐๐๐ผ๐ถ๐ฑ ๐ฃ๐ฒ๐ฟ๐ฐ๐ฒ๐ป๐๐ฎ๐ด๐ฒ-๐๐ฎ๐๐ฒ๐ฑ ๐๐ฒ๐ฒ๐: Steer clear of preparers who base their fees on the refund amount.
๐ข๐ฝ๐ ๐ณ๐ผ๐ฟ ๐๐ฅ๐ฆ ๐ฒ-๐ณ๐ถ๐น๐ฒ: Electronic filing with direct deposit ensures faster refunds, typically within 21 days.
๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ๐ ๐ฎ๐ป๐ฑ ๐ฅ๐ฒ๐ฐ๐ฒ๐ถ๐ฝ๐๐: Reliable preparers request proper documents like W-2s, not pay stubs, for accurate filing.
๐ง๐ฎ๐
๐ฝ๐ฎ๐๐ฒ๐ฟโ๐ ๐๐ผ๐ฝ๐: Ensure the preparer provides a copy of the return before filing.
๐ฅ๐ฒ๐ณ๐๐ป๐ฑ ๐๐ฎ๐ป๐ฑ๐น๐ถ๐ป๐ด: Refunds should always go directly to the taxpayer, not the preparer.
Ignoring Maharshiโs advice, Meet fully trusted his girlfriend and even signed his return without review. A few months later, ๐ฏ๐ผ๐๐ต ๐ณ๐ฟ๐ถ๐ฒ๐ป๐ฑ๐ ๐ฟ๐ฒ๐ฐ๐ฒ๐ถ๐๐ฒ๐ฑ ๐๐ฅ๐ฆ ๐ป๐ผ๐๐ถ๐ฐ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐ถ๐ป๐ฎ๐ฐ๐ฐ๐๐ฟ๐ฎ๐๐ฒ ๐ฟ๐ฒ๐๐๐ฟ๐ป๐ ๐ฎ๐ป๐ฑ ๐ฟ๐ฒ๐ณ๐๐ป๐ฑ๐ ๐๐ต๐ฒ๐ ๐ป๐ฒ๐๐ฒ๐ฟ ๐ฟ๐ฒ๐ฐ๐ฒ๐ถ๐๐ฒ๐ฑ. Shocked and confused, they sought help from tax professionals CA Harsh Makharia, EA and CA Jugal Thacker, who advised them to file ๐๐ผ๐ฟ๐บ ๐ญ๐ฐ๐ญ๐ฑ๐ณ, ๐ฎ ๐ฐ๐ผ๐บ๐ฝ๐น๐ฎ๐ถ๐ป๐ ๐ฎ๐ด๐ฎ๐ถ๐ป๐๐ ๐๐ต๐ฒ ๐๐ฎ๐ ๐ฝ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ๐ฟ.
This action led to the IRS penalizing Meetโs girlfriend for breaching tax laws.
