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Lovely Christmas card from the IRS...

ashleyhuneyashleyhuney member
in Northern California Babies

Our CPA made a mistake two years ago and we owe 4k asap.  Sure we can contest it, AFTER we pay, but the mistake is valid.  CPA is "sweet" enough to chip in $250 and free tax prep for life.

 2010 can suck it.

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Re: Lovely Christmas card from the IRS...

  • danandkellydanandkelly

    Ouch! That really sucks.

    Free tax prep for life is nice...but considering the source I don't know if I'd want that CPA to continue to do my taxes.

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  • KellyMRocksKellyMRocks
    imagedanandkelly:

    Ouch! That really sucks.

    Free tax prep for life is nice...but considering the source I don't know if I'd want that CPA to continue to do my taxes.

    ditto. yikes!

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  • kittylovekittylove member
    Man that really really sucks! A simillar thing happened to my sis a few years ago, it was a big PITA to contest but they did get the money back.
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  • LV2006LV2006
    You might call your CPA and ask who their E&O carrier is; my guess is there is some type of coverage for such matters.  I'll see if DH knows anything about this and let you know...
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  • danandkellydanandkelly

    imageLV2006:
    You might call your CPA and ask who their E&O carrier is; my guess is there is some type of coverage for such matters.  I'll see if DH knows anything about this and let you know...

    I was thinking this too, isn't this the reason you have a CPA do your taxes...so you're protected in some way?

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  • Ang&GarrettAng&Garrett
    So not what you guys need to end off 2010.  I'm sorry.
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  • SweetiePSweetieP
    That SUCKS!
    Nobody said life would be easy, they just promised it would be worth it.
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  • futrkingsleyfutrkingsley member

    That sucks!  If I had a CPA I'd expect NO mistakes.

    When I did our taxes several years ago, the IRS said I made an error that was going to cost $2K. Turns out they were missing a form and once I sent it, I owed nothing.  Hope it's a mistake that can be fixed in your favor. 

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  • EmmieBEmmieB member
    imagedanandkelly:

    imageLV2006:
    You might call your CPA and ask who their E&O carrier is; my guess is there is some type of coverage for such matters.  I'll see if DH knows anything about this and let you know...

    I was thinking this too, isn't this the reason you have a CPA do your taxes...so you're protected in some way?

    that's why we have one!

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  • amberfernandezamberfernandez member

    Unfortunately, E & O (Errors & Ommissions) insurance doesn't cover the tax due if it is or was legitamtely due, just fees, penalties, and interest.  But 100%, if the IRS is charging you interest and penalties for the last four years, you should DEFINATELY go after the CPA for the E & O money! 

    I'm a CPA, not on the tax side, but things like this make all of us look bad, and it is unethical of your CPA not to mention that he/she has insurance coverage for these circumstances.  Unfortunately, the tax due is due regardless, unless it's something that is incorrect, at which point you can contest it with the IRS.

    Good Luck!

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