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siberian khatru · 02-14-2020, 06:15 PM

So I get home and the wife says she’s got bad news: A letter from the IRS saying we owe $4,000 on our 2018 taxes.

Apparently, she sent all the right paperwork to our tax preparer, but when the preparer returned the completed forms she forgot to include one. My wife failed to check that and signed the return (and got me to sign off, trusting her) and sent it off.

So here we are. My wife is afraid I’m going to divorce her. (I’m not.)

Anyone have an experience like this? Do we have any recourse? That 4 Grand could buy a lot of Super Bowl swag.

**digger** · 02-14-2020, 08:36 PM

The guilt should be enough for weekly blowies for a while... (from the ta guy or your wife)

**MahiMike** · 02-14-2020, 08:42 PM

Beats $60K. Put it on a card.

**TribalElder** · 02-14-2020, 08:51 PM

payup quick

interest compounds daily

also turbo tax efile

**Buehler445** · 02-14-2020, 08:57 PM

Contact your tax preparer today.

Have them call the IRS on your behalf. They should forgive the penalty and interest. If not, your preparer should carry errors and omission insurance. I'd get them to cover the non-tax portion of the liability.

You're on the hook for the tax portion of the liability. If it is income tax (I imagine it is) and you can't swing the cash today the IRS is good about installment plans.

But I reiterate, make your preparer contact them. If you used some fly by night ****bag, find a better one and have them contact the IRS.

Good luck man.

**Shiver Me Timbers** · 02-14-2020, 08:59 PM

Sucks.
My withholdings and estimated were short, wrote a check for the difference and penality.
They sent me another bill for 3k.
Snakes on a Plane
What ya gonna do?

**Shiver Me Timbers** · 02-14-2020, 09:02 PM

Quote:

Originally Posted by Buehler445

Contact your tax preparer today.

Have them call the IRS on your behalf. They should forgive the penalty and interest. If not, your preparer should carry errors and omission insurance. I'd get them to cover the non-tax portion of the liability.

You're on the hook for the tax portion of the liability. If it is income tax (I imagine it is) and you can't swing the cash today the IRS is good about installment plans.

But I reiterate, make your preparer contact them. If you used some fly by night ****bag, find a better one and have them contact the IRS.

Good luck man.

Tractor dude makes sense. I said screw it and paid.
Pick my battles kind of deal

493rd · 02-14-2020, 09:13 PM

Get a CPA. Most tax preparers aren’t.

**Shiver Me Timbers** · 02-14-2020, 09:32 PM

Quote:

Originally Posted by 493rd

Get a CPA. Most tax preparers aren’t.

My tax preparer is a tax attorney. To keep the peace and not pay "let me look into it fees"
I caved.

**Buehler445** · 02-14-2020, 09:41 PM

Quote:

Originally Posted by 493rd

Get a CPA. Most tax preparers aren’t.

Meh. There are good preparers that are Enrolled Agents or Certified Tax Preparers just as there can be shitty preparers that are Certified Public Accountants.

493rd · 02-14-2020, 10:04 PM

Quote:

Originally Posted by Buehler445

Meh. There are good preparers that are Enrolled Agents or Certified Tax Preparers just as there can be shitty preparers that are Certified Public Accountants.

That may be. I’m a financial advisor and work with CPAs who don’t make mistakes like the one the OP described. You get what you pay for.

ljmhawk · 02-14-2020, 10:06 PM

my gripe is a why do we have to do their job for them? if they are going to take taxes out of our income then they need to take the correct amount out the first time.

Nickhead · 02-14-2020, 11:40 PM

if the IRS makes no attempt to contact you for back taxes, what is the statute of limitations...

again, asking for a friend

**BigRedChief** · 02-14-2020, 11:44 PM

Quote:

Originally Posted by siberian khatru

So I get home and the wife says she’s got bad news: A letter from the IRS saying we owe $4,000 on our 2018 taxes.

Apparently, she sent all the right paperwork to our tax preparer, but when the preparer returned the completed forms she forgot to include one. My wife failed to check that and signed the return (and got me to sign off, trusting her) and sent it off.

So here we are. My wife is afraid I’m going to divorce her. (I’m not.)

Anyone have an experience like this? Do we have any recourse? That 4 Grand could buy a lot of Super Bowl swag.

I got a unexpected $5K tax bill last year. What can you do? The taxman will get his money one way or another.

**Shaid** · 02-15-2020, 12:05 AM

I had our tax guy not do stuff correct for 3 years so they did an audit on the one year, found extra we owed and then audited 2 more years. Ended up owing 10k. Tried to fight it, my tax guy literally died during the process and the guy who took over his business refused to do anything with it. Eventually ended up needing to pay the whole thing. Fighting it just cost me more in interest, etc.

scho63 · 02-15-2020, 12:08 AM

Good News and Bad News:

-Bad News is you still owe $4,000

-Good News is you can now PIIHB because she is so ravaged by guilt, she will do anything to get back in your good graces!

Strike while the iron's hot!

02-14-2020, 06:15 PM
siberian khatru 21st Century Schizoid Fan siberian khatru's Avatar Join Date: Jul 2002 Location: The Gates of Delirium	I owe the IRS $4,000 So I get home and the wife says she’s got bad news: A letter from the IRS saying we owe $4,000 on our 2018 taxes. Apparently, she sent all the right paperwork to our tax preparer, but when the preparer returned the completed forms she forgot to include one. My wife failed to check that and signed the return (and got me to sign off, trusting her) and sent it off. So here we are. My wife is afraid I’m going to divorce her. (I’m not.) Anyone have an experience like this? Do we have any recourse? That 4 Grand could buy a lot of Super Bowl swag.
Posts: 69,135

02-14-2020, 08:36 PM	#46
digger Thread I will end you....... digger's Avatar Join Date: Apr 2007 Location: Kansas City, KS	The guilt should be enough for weekly blowies for a while... (from the ta guy or your wife)
Posts: 8,815

02-14-2020, 08:42 PM	#47
MahiMike He's Mahomie! MahiMike's Avatar Join Date: Aug 2001 Location: Jax, FL	Beats $60K. Put it on a card.
Posts: 17,387

02-14-2020, 08:51 PM	#48
TribalElder Arrowhead Trail of Tears TribalElder's Avatar Join Date: Oct 2012 Location: KansasCity	payup quick interest compounds daily also turbo tax efile
Posts: 29,119

02-14-2020, 08:57 PM	#49
Buehler445 Supporter Buehler445's Avatar Join Date: Apr 2007 Location: Scott City KS	Contact your tax preparer today. Have them call the IRS on your behalf. They should forgive the penalty and interest. If not, your preparer should carry errors and omission insurance. I'd get them to cover the non-tax portion of the liability. You're on the hook for the tax portion of the liability. If it is income tax (I imagine it is) and you can't swing the cash today the IRS is good about installment plans. But I reiterate, make your preparer contact them. If you used some fly by night ****bag, find a better one and have them contact the IRS. Good luck man.
Posts: 56,769

02-14-2020, 08:59 PM	#50
Shiver Me Timbers Elway be drinkin' again Shiver Me Timbers's Avatar Join Date: Dec 2017 Location: Colorado USA	Sucks. My withholdings and estimated were short, wrote a check for the difference and penality. They sent me another bill for 3k. Snakes on a Plane What ya gonna do?
Posts: 4,639

02-14-2020, 09:13 PM	#52
493rd GDT Contributor 493rd's Avatar Join Date: Sep 2018 Location: *	Get a CPA. Most tax preparers aren’t.
Posts: 8,122

02-14-2020, 10:06 PM	#56
ljmhawk Veteran Join Date: Jan 2019	my gripe is a why do we have to do their job for them? if they are going to take taxes out of our income then they need to take the correct amount out the first time.
Posts: 1,503

02-14-2020, 11:40 PM	#57
Nickhead EvOlVeD Nickhead's Avatar Join Date: Jun 2016 Location: Blue Mountains, Australia	asking for a friend... if the IRS makes no attempt to contact you for back taxes, what is the statute of limitations... again, asking for a friend
Posts: 8,220

02-15-2020, 12:05 AM	#59
Shaid Supporter Shaid's Avatar Join Date: Nov 2006	I had our tax guy not do stuff correct for 3 years so they did an audit on the one year, found extra we owed and then audited 2 more years. Ended up owing 10k. Tried to fight it, my tax guy literally died during the process and the guy who took over his business refused to do anything with it. Eventually ended up needing to pay the whole thing. Fighting it just cost me more in interest, etc.
Posts: 5,689

02-15-2020, 12:08 AM	#60
scho63 Politically Incorrect scho63's Avatar Join Date: Feb 2009 Location: Scottsdale, AZ	Good News and Bad News: -Bad News is you still owe $4,000 -Good News is you can now PIIHB because she is so ravaged by guilt, she will do anything to get back in your good graces! Strike while the iron's hot!
Posts: 50,432	2 0