You or the preparer???
2007-03-04 08:43:57 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Legally, you are responsible for the accuracy of your own return.
That said, most reputable preparers will stand behind their work, and would prepare a corrected (amended) return at no charge to you, and many would pay any penalties that resulted from their error. You'd be responsible for any extra taxes though. And if you didn't give them complete and accurate info, it's all your responsibility.
2007-03-04 08:51:35 · answer #1 · answered by Judy 7 · 23⤊ 1⤋
Having done taxes in both the UK and the USA here's my take on this. If you don't tell your preparer everything (and there is no clue in the other information you supplied) you are on the hook for tax, interest and penalties. If you gave the preparer all the information or a reasonably competent preparer should have deduced from the information provided that something was missing, you still have to pay the tax (unless you sign upfor that extra stuff at H & R Block etc). However, any decent, ethical preparer will accept responsibility for penalties and interest.
As you might expect on an ethical issue, the UK and USA are pretty much the same on this issue.
2007-03-04 10:07:31 · answer #2 · answered by skip 6 · 2⤊ 1⤋
As Judy said, YOU are responsible for your tax return. Most reputable tax preparers will cover any penalties and interest that result from an error they made. Any additional taxes, you would have paid if they had done everything correctly and you will still have to pay. Any errors resulting from your failure to provide complete information are also your problem. If correcting the error results in an additional refund, the preparer should file an amended return at no additional charge.
2007-03-04 11:03:08 · answer #3 · answered by STEVEN F 7 · 4⤊ 0⤋
You have to pay all taxes, penalties and interest - unless they guaranteed before doing it to pay some of this. Some preparers will pay penalties and interest because that is the real damages. The tax part may be up to you because it was correctly due anyway.
2007-03-04 10:00:02 · answer #4 · answered by spicertax 5 · 2⤊ 0⤋
the preparer has to sign at the bottom of the taxes too. They are liable for all calculations. They have to prove their work. You should probably get something in writing if someone does it privately. Otherwise they are pretty much responsible for their workers.
2007-03-04 09:05:30 · answer #5 · answered by Me2 5 · 0⤊ 5⤋
Hey this actually happened to me last year!I filed my taxes through h@r block and they made a mistake on missing one of my pay stubs so it totally effected how long everything took to get back into order and honestly i felt as though they were completely at fault but i guess it fell in between it being my responsibility to have all my info/even after calling around to make sure we had it all she still made the error-so when the bill came in they offered to pay for half and gave me a 30.00 off for my taxes this year.So yah depending on the circumstances this would be on them because it is their job to file for you so there aren't problems they are trained and if they value your service they will make some sort of offer to make it right. hope this helps good luck jennie
2007-03-04 08:53:05 · answer #6 · answered by sweetsmiles69@jennieask-me 3 · 1⤊ 7⤋
The person who prepared it.
Although you end up paying the consequences, you just have to make sure there's something in the contract/clause that H&R Block for example says: "If we mess up, we pay the difference, and give you double the refund"...
2007-03-04 08:48:42 · answer #7 · answered by Fabulously Broke in the City 5 · 1⤊ 13⤋