Tax Error? Can't Blame the Software - Kiplinger

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Dec 13, 2010, 4:24:02 AM12/13/10
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Tax Error? Can't Blame the Software - Kiplinger


Software programs may make doing your taxes easier, but they don’t offer legal protection. If you make a mistake while using one of the increasingly popular tax software packages to prepare your return, the Tax Court won’t let you off the h.Tax Error? Can't Blame the Software - Kiplinger Tax Letter Retirement Report Biofuels Market Alert Agriculture Letter Manage your subscriptions Tools Basics Investing Taxes Insurance Family Finance Living Retirement Your Business Popular Features Mutual Fund Finder Retirement Savings Calculator Household Budget Worksheet Recoup Your Savings Calculator Find the Right City for You Stock Screener Measure Your Risk Tolerance Tax Withholding Calculator Find the Best 529 Plan for You Track Home Prices in Your Area See all Tools Special Reports Basics of Insurance Basics of Retirement Basics of Estate Planning Basics of Investing Basics of Taxes Basics of Credit Easy Financial Fixes How to Pick a Financial Planner Paying for College Best College Values 2009-10 Popular Features Tool: Find the Best City for You Tool: Easy-to-Use Tax Withholding Calculator Credit-Card Payoff Calculator Household Budget Worksheet Tool: Find the Best 529 Savings Plan Track Home Prices By Area See all Family Finance Topics and Guides Cars Scams Home Remodeling however, if you own your own business (Sch C), have sales of capital goods (Sch D),have rental properties (Sch E), farm (Sch F) or even have a complicated Interest or dividend situation (Sch B), you should look for a tax professional that is governed by the IRS under Circular 230. This includes Enrolled Agents (EA), Certified Public Accounts (CPA) and Lawyers. (For the later two, you need to verify that they specialize in taxation). I have amended many complicated returns incorrectly prepared by individuals using TurboTax. Posted by: duelles at 05/08/2010 01:01:20 AM I ran my own business and owed taxes to NY, CT and the Feds. I never could get it righteven though entering honetly. I could not get the states to work out. I simply lo! oked for the most ...

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