Tax IRS Forms
November 26th, 2007
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Question: My accountant took 4 mos to finish tax forms for simple tax. IRS penalty for late file was 1800. Any recourse?
I had taken extensions until the 10-15 deadline. Tax info was given to office 2 weeks prior to that deadline. He delayed. I assumed all was well because usually he is conscientious and takes care of things in timely way–but did inquire once or twice about the amt I owed. He is willing to refund his fee. What is his financial, legal, moral obligation, in that order. How can I most adroitly handle the issue without undo antagonism.
Answer: If you had given him most of your information he/she could have entered it into his/her tax program and given you a rough idea as to how much you would owe. Even if you are put on extension you still have to pay the tax you owe by 4/15 otherwise you do have to pay penalties. If you gave him the info only the 2 weeks prior to the 10/15 deadline, then I would say that he has no obligation to pay any of the late file penalty. It sound though with an $1,800 penalty that your return was not so simple. And his offer to refund his fee is most generous. I would take that and run to the bank with it.
IRS Warning You About Tax Help
They want you to pay attention to who’s helping you with your taxes because no matter what, you’re responsible for what’s on your tax returns.
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