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Posted by taxxcpa on February 21, 2008, 10:27 am
Please log in for more thread options Paul Thomas, CPA wrote:
>> i hve had cpa's do my taxes for years but discovered major errors--i
>> probably will be liable for taxes.
>> i recognize that when i sign the tax form i am in essece saying that this
>> is correct--i assume that the tax prepares is in essence saying the same
>> thing
>>
>> my liabilty maybe thousands of dollars and tons of aggrevation
>>
>> what is my best way to approacte this problem--i feel that the cpa firms
>> bear some responsibilty here andd i suspect that the taxware people also
>> bear some responsibilty
>> any comments really are appreciated
>
>
>
>
>
>
> I'll just say that your cryptic writing is going to be a real problem for
> you in any court.
>
> I trust you wrote things in plain - commonly used - English.
>
>
>
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> That being said, if there is a problem with your returns, and if there is
> some liability on the part of the paid return preparer, the reputable ones
> will do whatever the can to reasonably make it correct. They won't however,
> be responsible for the actual tax due, but should cover any penalties - if
> you work with them to get the problem fixed in a timely manner. The
> software company bears no responsibility at all in this, and certainly none
> to you, as you aren't their client.
>
> Get your facts straight. Talk to the former tax preparation firm about what
> they plan to do to make it right.
>
> It is also possible that the CPA did it right. The message did not make
it clear what kind of error occurred. State and municipal interest
should not be taxed on the federal return unless AMT is affected by
private activity bonds included in the interest received. Some of the
interest may be subject to state tax. But if the CPA was not provided
with sufficient information, he might have been unaware of the taxable
portion. Maybe he should have questioned it.
>
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>
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