 New tax please help? |
| As Lord of the Manor I own all of the land and surrounding countryside that the local village is build on, and as such I may tax the common folk accordingly…now it is a common known fact that ... |
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 My husband and I filed separately for our 2007 income taxes. Who gets the 600 or 1200 rebate? |
| We have no kids, and together made just about 50K, however he made more than me since I'm in school. He lives in another state as well.... |
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 Do you have to claim last years tax refund as income this year?...its already taxed!? |
| it was income last year,,,,,and now they are going to tax it again?......jezuz....this is such a ... |
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 Is this fair? |
| I had $23K with held from my paycheck last year for taxes, and the tax man wanted $5,500 more. That's 28K because I'm a single non-homeowner.... |
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 Federal income tax question....basic question...please help!? |
| When filing Federal Income Taxes, do you round to the nearest dollar, or do you use exact numbers, cents included? My state tax book is telling me when i file state taxes to round. But i've ... |
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 Tax question, I know some places offer you cash back right away when filling taxes, are any good and cheap? |
| cause I want my money nowwww, and i don't know if i'll pay an arm and a leg for this, does anyone have a real answer?... |
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 How do I get a Tax ID #? |
| I have a home daycare and don't want to give out my SS#. How do I go about getting a tax id #?... |
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 Will the tax rebate be based on 2007 or 2006 AGI? |
Additional Details
Just curious how they will determine the income cap at 75K/150K. I'm assuming it may be based on AGI, but not sure how and when they'll determine it (if ... |
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 Should an automotive repair shop charge sales tax to their customers ? |
| In Texas an automotive repair shop that sales parts in the repair of a vehicle, not for over the counter sales but only sales items to be used by that repair shop in their day to day services offered ... |
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 I have a Permanent Account Number (PAN) of someone. Is there any way to know that to whom does that no. belong |
| i don't know to whom the number belongs but its vital for me to know it.. is there any site or any centres that can let me know the detail. its nothing anti-social or against any laws.... |
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 Do I have to pay taxes on land that we are selling that has been in the family for over 100 years.? |
| The land I am selling was given to me by my father & the land has been in the family for over 100 years. Do I have to pay capital gains taxes on it if I sell it.... |
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 How do I find out if I'm entitled to a tax rebate? |
Additional Details
which form do i need to complete? p60, p40, or p50? inland revebue website isn't the easiest to navigate!... |
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 Where do I send My w-2 form to get my income tax??? |
Additional Details
It's not mine it's my boyfriend's but he wants me to do it.
I got scared he would get mad so I lied and told him I already did his taxs for him.<... |
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 How do I find out the amount of my tax stimulus? |
| I've been looking all over online but I just keep finding a form that people have been stating is incorrect. I filed my 2007 tax return with 1040A. How do I figure out how much I'll be ... |
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 Is there a Tax Credit for Hobby? and how is this possible!? (texas)? |
| buddy of mine went to get taxes done, preparer said i can get you $250 back. my bud got upset, tax guy said he actually owed but worked the numbers. my friend then went to another lady that gave ... |
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sadinne | If your accountant screws up on your taxes, then can he/she be held financially responsible? |
We received info today from the IRS that says we failed to report $11,000 in nonemployee income. We submitted it to our accountant but somewhere there has been a screw up. The IRS now says we owe an additional $4400! We don't have it. It wasn't our mistake- it was our accountant's. Does he hold some liability? |
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sdvwallingford
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BUGS ARE YUCKY is right, you are still the responsible party and the accountant is only acting as your agent. I don't think the accountant was acting in bad faith. Unfortuntately, it IS still your income that is being taxed. |
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TaxGuru
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You had the income, you owe the tax even if the accountant forgot to report it. As noted in other comments, the consequences of his mistake are limited to any penalties and interest you owe as a result. You would have owed the tax amount even if he/she had prepared your return perfectly. |
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Mike
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You must pay the tax difference, but your tax preparer or his Errors and Omissions insurance will usually pay penalties and interest incurred due to his error. |
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Crojack
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See Section 9100 of the IRS code.
It covers just such a contingency. Basically, under Sec. 9100, your accountant commits professional ritual suicide. |
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kimmiefly
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Acountant has to pay any late fees or fines, but you are still responsible for paying the difference of the original mistake.
If you have "piece of mind insurance" through H&R Block or something similar. Then the accountant has to pay for it all. |
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luna513
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Not if you signed the tax forms. Some accountants offer a guarantee and will cover the cost of their mistake but they don't have to. |
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vondaearlybird
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If you signed the tax return you are responsible. |
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magicsiuchu
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No, because your signature on the return means that you have reviewed and agreed with what was prepared. Therefore, you are still held liable. Unless you can prove that the accountant is intended to commit fraud, then he/she will get penalized, but you are still liable for the difference. |
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