An accountant who handled taxes did not report the taxable income correctly. Clients actually owed taxes but did not realize it. The IRS notified them a year later. The IRS is billing for the taxes owed and a near $2000 penalty which includes interest. Is it ok to sue the accountant for the penalty?
Continue reading...Thursday, December 17, 2009
After I came home from having my taxes done, I found the 2007 IRA contribution information forms 5498 that I forgot to give the accountant. It says all the money that I put into a Simple IRA in 2007. I didn’t take any money out in 2007. Will this affect my tax return? Should I [...]
Continue reading...
Friday, February 5, 2010
6 Comments