What is the name of your state (only U.S. law)? CA
I had a private accountant prepare my tax return a few years ago. I just got a letter from the IRS indicating that I own a ton of money, plus taxes (penalty).
Looking into the issue I learned that my accountant made the reporting mistake. Of course I signed off trusting that my return was correct.
What recourse do I have with my accountant? I did sign a contract that states I have final responsibility for the return and I did sign off on the return.
I had a private accountant prepare my tax return a few years ago. I just got a letter from the IRS indicating that I own a ton of money, plus taxes (penalty).
Looking into the issue I learned that my accountant made the reporting mistake. Of course I signed off trusting that my return was correct.
What recourse do I have with my accountant? I did sign a contract that states I have final responsibility for the return and I did sign off on the return.