 Is £10000 a year a good starting wage for an 18 year old?? |
£10000 is my starting wage as a trainnee... is this a good wage for an 18 year old??
Additional Details
im a trainee shipping agent
and the money will deffo go up
am living ... |
|
 Why Do People Tell Us We Can Only Claim 2 Children? |
My husband and I have 9 children together. People are always teasing us about allowing them to claim some of our children on their taxes because (they say) we can only claim 2 of them anyways.
F... |
|
 Does anyone know when you usually get back your federal income tax return? |
| We sent it in a couple of weeks ago, and we marked it so that it would be direct deposit.... |
|
 Is there a reward for info on Tax Fraud? |
I was informed that there is a reward from the IRS if you inform them of a person performing Tax fraud. If this is true what kind of reward, and what is the process?
Additional Details
F... |
|
 Economic Stimulus Rebate:How could I inform IRS,I didn't receive it yet? |
| My stimuls Rebate was scheduled to mail out on June 20,08.IRS said allow 2 weeks to receive. Today is 08/19/08.I am afraid my rebate might be miss delivered to different address,because recently so ... |
|
 Are the stimulus payments delayed? |
| I filed my 2007 return in March 2008. I received my tax refund in April (Direct Deposit). According to the IRS schedule, anyone who's ss# falls between 21-75 you will receive your stimulus ... |
|
 Who agrees that junk food should be taxed heavily like cigarettes? |
compare junk food tax to cigarette tax
please dont answer if u dont ... |
|
 How can I get less taxes taken out of my paycheck? |
| I make pretty good money, but you wouldn't know it by my paycheck. I get 1/3 taken out of my check for taxes and health care expenses. What can I do, besides buying a house because I can't ... |
|
 Full time to Contractor? |
| My company will be terminating my full time employment the beginning of the year but would like to keep me on as a contractor. Since it would be on my own, what should I expect being self-employed? ... |
|
 Are taxes going to make me poor? |
| I just really learned about taxes now and I plan on making a salary in between 100k-125k. Now it says there is a 15890 dollars or something plus 28% of everything over 77000. IS that going to make me ... |
|
 What's to keep me from claiming my daughter on my taxes? |
her mother all ready has but technically has no parenting place or legal arrangement for her to take that right.
any advice? should i do it and see what happens? will i have to pay money back ... |
|
|  |
Altima Girl | Do I owe the IRS for a mistake tax preparer made? ? |
I received a letter saying I did not report EIC payments from 2006.
My tax preparer says I need to set up payments. They did my taxes, shouldn't they be paying? |
 |
 
Mathew
|
From the point of view of the IRS you are the one responsible for the return regardless of who prepared it. Most tax preparation firms will pay at least the penalty and interest if they made a mistake. So will pay the tax also. The issue is if they are the ones that made the mistake. If they had the correct information and did not enter it into the return that would be their mistake. If they did not have the information and there is no reasonable way that they should have known the error is on you. Generally EIC payments are clearly reported on a W-2 form, if they had that form and it is on the form it would appear that the mistake is theirs. |
|
Mark S
|
Any reputable and competent tax professional should have known about the advanced EIC payments. they show up on the W-2.
That being said, the tax payer is ultimately responsible for all items on the tax return. Any additional tax would normally be the responsibility for the tax payer because that is tax yu would have owed if there had been no error.
Interest and penalty are also your responsibility, although many preparers will pay interest and penalties, they are not required to.
You can always sue the preparer, but you may only get the interest and penalties.
|
|
Lisa T (Stop BSL)
 |
If you disclosed all info, and you used someone such as H&R Block who guarantee their tax preparations. |
|
Judy1
|
To answer your question, yes if the preparer made a mistake, you are still legally responsible for it, and if the mistake caused you to owe the IRS, then you are the one who owes them.
Are you saying you got Advanced EIC payments and didn't report them? Then you got paid EIC twice, once in your paychecks and then again when you filed, so of course you have to pay back what you got but shouldn't have. The Advanced EIC would have shown on the W-2, so it does sound like it was their mistake. But you are the one who got paid money you didn't have coming, so you have to pay that back. You probably won't get hit for penalties and interest though, under the circumstances.
The preparer might pay the penalties and interest, although they aren't legally obligated to, but you are the one who has to pay back the money you got but shouldn't have. Why would they have to pay that? YOU got the money twice, so have to pay back what you shouldn't have gotten. |
|
travelguruette
|
Did the preparer know you received EIC payments? If not then it is your fault for not informing them. In the long run it is your signature that goes on the form and you are responsible. If it is HR Block they have some guarantees on accuracy if you informed them and it was truly the preparers fault. |
|
lost and confused
 |
i work in an accountants office and let me tell you something....the IRS can be a pain. unfortunately alot of it comes down to one question. 1 did your preparer know that you had recieved EIC payments? that would be the first part. 2 did you recieve money back that you should not have? most of the time if the preparer made a mistake you are still responsible for the amount that you recieved due to their error but the IRS will be willing to let the fines and interest drop. |
|
Dhack40
 |
If they would not have made the mistake you would have paid it on the correct original return so the only thing you are out is the interest and penalties if any, That would be the only thing you could expect to get out of the preparer since that is your only real damage. |
|
wartz
 |
Didn't report EIC payments? What does this mean? If you failed to report advance earned income credit you would owe it but that is something that should show up on your W-2s |
|
Sparkle_Sprite
 |
Um, I think it depends on the contract you signed (if any) and whether or not they offered some kind of guarantee. Unfortunately, unless they said in writing beforehand that they would take responsibility for mistakes, I think its your responsibility.
Even if they had a guarantee, there is likely a clause that indicates that it has to be their mistake, and not your failure to disclose info that they will pay for. |
|
John Scott
|
Ultimately, you are responsible for what's on your return, not the tax preparer, and you certainly can't hold them responsible for something you may have neglected to report to them. |
|
igoh900
 |
sue the tax preparer. Its their job, that you payed them to do. They didn't do that job. So sue. |
|
Tuvok
|
Yes. But you can also 'settle' your debt with them for a lot less then you owe, it's not hard. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 33 minutes(s) ago
| | | |
12 | 38 minutes(s) ago
| | | |
12 | 40 minutes(s) ago
| | | |
12 | 48 minutes(s) ago
| | | |
12 | 53 minutes(s) ago
| | | |
12 | 1 hour(s) ago
| | | |
12 | 6 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 3 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
