Quote:
Originally Posted by undercoverbrother
Hey Locke,
Maybe this isn't the place to ask this, but I will.
If an individual uses an accountant to file their tax returns and there is an error, they are audited and fined (if that is the right word), who is that on? The the layman look to the accountant? Can they say, "Hey, I my accountant did up my return and I just signed it"?
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It really depends on the error.
Ultimately everything falls on the taxpayer, thats why the taxpayer is required to sign it and why accountants have their clients sign waivers.
But thats also not great service either.
If the accountant was just making up deductions then thats fraud and a whole other thing entirely.
But if its a missed slip or something that happens all the time and the taxpayer was going to be on the hook for that money anyways but if its the accountant's fault then they can try and compensate the taxpayer for any penalties or interest by reducing future fees.
Things like that. So yeah, it really depends on what the error was.