ultrarunner
Epic Contributor
- Joined
- Apr 6, 2004
- Messages
- 23,141
- Tractor
- Cat D3, Deere 110 TLB, Kubota BX23 and L3800 and RTV900 with restored 1948 Deere M, 1949 Farmall Cub, 1953 Ford Jubliee and 1957 Ford 740 Row Crop, Craftsman Mower, Deere 350C Dozer 50 assorted vehicles from 1905 to 2006
I’m not sure best how to resolve and calling on the TBN brain trust.
My CPA filed and under reported income tax PAID tax year 2022… she totally missed the taxes paid on K1.
I caught it within 24 hours and CPA immediately filed amended return.
6 weeks later I receive notice of underpayment and meet with CPA and CPA responds citing clerical error and stated see corrected amended return showing taxes in fact paid in full.
Today, close to a year later I receive notice of possible Lien and/or Garnishment unless 20k paid within 15 days.
The amount now includes significant penalties and interest.
Of course I reached out to the CPA this evening via phone and email.
I’ve never had any issues and never take anything remotely questionable as far as deductions, etc.
Do I pay the amount demanded under protest and fight to get it back or not pay and respond citing my CPA filed original return in error along and again provide the proof no tax is due?
I don’t want to lose sleep over this and certainly don’t want to have wages garnished which casts a bad light with HR/management.
Something similar happened to a friend when his CPA screwed up… He sold a property and carried back a first deed of trust interest only for 3 years yet his CPA incorrectly filed stating the sale to be a cash sale and the IRS wanted the capital gains on the cash sale… like 40k.
It took several in person IRS appearances over 2 years to resolve and caused a lot of anxiety for him… no tax or fees or penalties or interest was found due as it was 100% CPA filing error as no money had been received to owe taxes on.
My CPA filed and under reported income tax PAID tax year 2022… she totally missed the taxes paid on K1.
I caught it within 24 hours and CPA immediately filed amended return.
6 weeks later I receive notice of underpayment and meet with CPA and CPA responds citing clerical error and stated see corrected amended return showing taxes in fact paid in full.
Today, close to a year later I receive notice of possible Lien and/or Garnishment unless 20k paid within 15 days.
The amount now includes significant penalties and interest.
Of course I reached out to the CPA this evening via phone and email.
I’ve never had any issues and never take anything remotely questionable as far as deductions, etc.
Do I pay the amount demanded under protest and fight to get it back or not pay and respond citing my CPA filed original return in error along and again provide the proof no tax is due?
I don’t want to lose sleep over this and certainly don’t want to have wages garnished which casts a bad light with HR/management.
Something similar happened to a friend when his CPA screwed up… He sold a property and carried back a first deed of trust interest only for 3 years yet his CPA incorrectly filed stating the sale to be a cash sale and the IRS wanted the capital gains on the cash sale… like 40k.
It took several in person IRS appearances over 2 years to resolve and caused a lot of anxiety for him… no tax or fees or penalties or interest was found due as it was 100% CPA filing error as no money had been received to owe taxes on.
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