Tax Preparers Responsibility

Forum|Forum|3 years ago
December 2, 2022
20 replies
112 views

Is it just my imagination or is the IRS more than ever before going to hold the tax preparer responsible for what is on that tax return?

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dascpa

Level 11

You know on each tax form the IRS says it should take 90 hours to prepare or something stupid.... With what has changed I probably should handle one tax return per season to do it correctly. Just the stuff for the Due Diligence Form 8867 that you're supposed to do would make every tax return an unprofitable venture.

JRC

Level 7

YES!!.. Part of Reason I am becoming "Obsolete".

BobKamman

Level 15

What makes you ask?

R

rcooley25Author

Level 7

The Due Dilligence laws

J

JOFI

Intuit Community Champion

No. It is your imagination.

The IRS pursues "ghost preparers" and other frauds, but I have not seen any evidence the IRS pursues tax preparers for mistakes made on returns. It is always the client's responsibility.

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rcooley25Author

Level 7

I hope you are right and I a wrong because right now I am not reading it that way. The requirement that the taxpayers bear full responsibility for what is on the tax return is ancient history

J

JOFI

Intuit Community Champion

Please provide a specific example where the IRS has actually taken action against a tax preparer for erroneous information entered on a tax return completed for a client.

Something that doesn't involve making up fake children, creating fictitious businesses with phantom losses, or other obviously criminally fraudulent actions.

IRonMaN

Level 15

Doesn't it kinda depend on what got busted ............and if the tax preparer has a history of similar crimes against humanity?

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