Originally Posted by Ohio Copper
I learned very young to hire a CPA to do mine.
Sent from my PKE meter.
I have a tax attorney
do my corporate and personal taxes. Guess what?
1. If there are any screw ups, I am liable, not the CPA, not the tax atty.
2. If the IRS, or my state tax dept screws up, and there is a finding in the favor of the state, I am still liable.
3. Having a CPA or tax atty does not grant one immunity from the law, and it certainly does not mean you have followed the law to the letter. As with LE, there is always something in the tax code where you can be dinged - if .gov looked hard enough.
Maybe you forgot to pay sales tax on an out of state purchase? Maybe you forgot to declare some amount of income you received?