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  • Form 14242 (rev. 7-2024). Report Suspected Abusive Tax Promotions Or Preparers

Get Form 14242 (rev. 7-2024). Report Suspected Abusive Tax Promotions Or Preparers

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If you know of one of these schemes or an abusive tax return preparer, you can complete an online referral using the Form 14242, Document Upload Tool or you can send a completed Form 14242, Report Suspected Abusive Tax Promotions or Preparers PDF, and any supporting materials to the IRS Lead Development Center (LDC).

For information on how to report suspected tax fraud activity, if you have information about an individual or company you suspect is not complying with the tax law, and you do not want to seek an award. You can remain anonymous.

In some situations, the client (taxpayer) may not have knowledge of the false expenses, deductions, exemptions and/or credits shown on their tax returns. However, when the IRS detects the false return, the taxpayer — not the return preparer — must pay the additional taxes and interest and may be subject to penalties.

Use Form 14157 to file a complaint against a tax return preparer or tax preparation business. Tax professionals can use this form to report events that impact their PTIN or business.

0:04 17:39 Form 14242 which is the form that taxpayers may file with the IRS. If they want to submit a reportMoreForm 14242 which is the form that taxpayers may file with the IRS. If they want to submit a report on suspected abusive tax promotions or preparers. So this is probably I mean this is one of the forms

The IRS Whistleblower Office pays monetary awards to eligible individuals whose information is used by the IRS. The award percentage depends on several factors, but generally falls between 15 and 30 percent of the proceeds collected and attributable to the whistleblower's information.

The IRS Penalizes Tax Preparers Who Make Mistakes. Under Sections 6695 and 6695 (the exact same section is listed twice?) [BP1] of the Internal Revenue Code, tax preparers can face IRS penalties for making mistakes on their clients' returns. Similar penalties apply under California state law as well.

Abusive tax schemes allow individuals or businesses to avoid paying taxes, but come with major penalties and lead to an even greater tax gap. Insiders of such schemes may be eligible for a reward if their information leads to a successful action of a scheme of $2 million or more.

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Get Form 14242 (Rev. 7-2024). Report Suspected Abusive Tax Promotions Or Preparers
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232