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My accountant filed over 60 days late and now I have $2,300 in penalties.

 

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My accountant filed over 60 days late and now I have $2,300 in penalties. Ned 03-23-2007
Posted by Giulio on March 28, 2007, 5:34 pm
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>> I gave him everything he needed months in advance. I called
>> him often to find out if the return was ready. I was pretty
>> much ignored. I figured he was very busy and that everything
>> would be fine. How easy is it to sue for this sort of thing?
>> I doubt he will willingly pay the penalties for me.

It's difficult to give an advice for such a problem: maybe
we need to know HOW MUCH your accountant asks to be paid for
his work. Maybe your accountant has disregarded to your
files because he considered you a low-profile client. (but
this does NOT justify his behavior)

I think that the only way to compensate the penalties is to
ask a sale on his fees for the next two or three years.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Ned on March 30, 2007, 4:15 am
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>>> I gave him everything he needed months in advance. I called
>>> him often to find out if the return was ready. I was pretty
>>> much ignored. I figured he was very busy and that everything
>>> would be fine. How easy is it to sue for this sort of thing?
>>> I doubt he will willingly pay the penalties for me.

> It's difficult to give an advice for such a problem: maybe
> we need to know HOW MUCH your accountant asks to be paid for
> his work. Maybe your accountant has disregarded to your
> files because he considered you a low-profile client. (but
> this does NOT justify his behavior)
>
> I think that the only way to compensate the penalties is to
> ask a sale on his fees for the next two or three years.

Thanks to everyone who replied.

I pay him $250.00 to do my personal taxes and another $425
to do my corporate taxes.

I still have not called, I wanted to be prepared so I asked
my wife for the return receipt we received when she sent our
tax info to him many months ago. Well, she lost it. I then
checked my phone bills for the time I was calling him
(before the deadline) and they do show many calls to his
office. I will call tomorrow.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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