Paul Thomas, CPA wrote:
- quote -

should not be taxed on the federal return unless AMT is affected by
private activity bonds included in the interest received. Some of the
interest may be subject to state tax. But if the CPA was not provided
with sufficient information, he might have been unaware of the taxable
portion. Maybe he should have questioned it.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Feb 15, 6:50*pm, "ilaboo" <plen...[at]verizon.net> wrote:
- quote -

You need to explain further. If you are claiming he overstated income
then you would be due a refund. However, US government interest is
taxable for Federal, but not for state taxes.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Feb 15, 3:50*pm, "ilaboo" <plen...[at]verizon.net> wrote:
- quote -


Well, what kinds of errors are you talking about?

Katie in San Diego

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"Mike20878" <mrosen[at]gmail.com> wrote in message
news:35ec82be-54d9-4148-88a5-5dc3cc37988a[at]d5g2000hsc.googlegroups.com...
- quote -

cpa got all my income including interest from t.bills

hth
peter

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Feb 15, 1:21*pm, "ilaboo" <plen...[at]verizon.net> wrote:
- quote -

What kinds of errors? Are you positive these are not due to you
giving incorrect information to your CPA? We can only prepare returns
with the information provided. The typical transmittal letter says
that the information provided has not been audited. I would contact
your CPA and very diplomatically approach the situation, explaining
what you have discovered.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"ilaboo" <plener2[at]verizon.net> wrote
- quote -






I'll just say that your cryptic writing is going to be a real problem for
you in any court.

I trust you wrote things in plain - commonly used - English.




That being said, if there is a problem with your returns, and if there is
some liability on the part of the paid return preparer, the reputable ones
will do whatever the can to reasonably make it correct. They won't however,
be responsible for the actual tax due, but should cover any penalties - if
you work with them to get the problem fixed in a timely manner. The
software company bears no responsibility at all in this, and certainly none
to you, as you aren't their client.

Get your facts straight. Talk to the former tax preparation firm about what
they plan to do to make it right.





--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

i hve had cpa's do my taxes for years but discovered major errors--i
probably will be liable for taxes.
i recognize that when i sign the tax form i am in essece saying that this is
correct--i assume that the tax prepares is in essence saying the same thing

my liabilty maybe thousands of dollars and tons of aggrevation

what is my best way to approacte this problem--i feel that the cpa firms
bear some responsibilty here andd i suspect that the taxware people also
bear some responsibilty
any comments really are appreciated

tia
peter

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >