Married couple recently audited (in the IRS office) for 2004. In 2004 we had a tax preparer do our personal taxes who is now being investigated for tax fraud. We had received a large refund of $9000, but now we owe $10000 because of his mistakes/fraud. Can we make an offer or do we just have to set up payments for the full amount?
2006-12-06 14:02:03 · 3 answers · asked by JAMES 8 1 in Business & Finance ➔ Taxes ➔ United States
You are untimately responsible for what gets filed. I doubt the IRS would be willing to listen to any offers after a return like that unless you were unemployed and had absolutely no assets (including home equity).
Pay it off as soon as possible to avoid the interest building up and move on. The penalty for filing a fraudulent return can be up to 75% of the tax due so you probably got off easy.
2006-12-06 14:37:06 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋
You more than likely will have to set up payments for the full amount. but you might also be entitled to sue the person who did your taxes.
2006-12-06 22:04:31 · answer #2 · answered by Aioria De Leo 4 · 0⤊ 0⤋
You can always make an offer. The IRS may reject the offer but that does not mean that you cannot make the offer.
2006-12-06 22:33:23 · answer #3 · answered by dazed&confused 3 · 0⤊ 0⤋