tax preparer error
The accountant at a local tax service in Portland, Oregon made an error on my 2005 1040 form, despite having the necessary info in my file. He admitted that he entered the info into the computer, but forgot to check the appropriate box that would include an amount from a 1099 into my total earnings. Now the IRS has found the discrepancy and is requesting that I pay $2000 plus interest for the error. Do I have any legal recourse as far as this matter is concerned? That is, is the preparer liable for any portion of this costly mistake?
1 Answer from Attorneys
Re: tax preparer error
I understand your concern, but the real cost to you is negligible. The tax is what you would have owed. The only thing you have lost is the interest. Since you had the use of the money, your real lost is not much (less than $100) and certainly not worth pursuing. Minor mistakes in tax preparation are very common. If you otherwise like this preparer's work, why not ask for a discount on this year's return preparation cost?
I hope this helps!
Ron Cappuccio
www.taxesq.com
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