alt Hacker NewsMy tax accountant mis-filed my taxes a couple years ago, which cost me about $20K (which I learned after I switched to another accountant later). Don't know if Claude / GPT would make the same mistake or not given SOTA today, but feels like there's an opportunity for models to be saving me thousands or tens of thousands of dollars a year.
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Sounds like an opportunity which could end up costing or saving $10k and which may be difficult to evaluate.
Someone still needs to take liability for mistakes.
The real issue is that accountant most likely has a track record of those kinds of mistakes - but you have no info on other clients. So you weren’t as informed at the time you chose them vs the new one.
My obligatory comment about my experience with tax accountants:
https://blog.nawaz.org/posts/2022/Nov/do-you-trust-your-tax-...
>mis-filed my taxes a couple years ago, which cost me about $20K
What do you mean by "cost you $20K"? That your tax liability was calculated by the accountant to be higher than it actually should have been? Or that the accountant calculated your liability too low, which was caught and billed by the IRS?
In the first case, you can still file for a refund within 3 years (I'm omitting some technical details), but in the latter case, as mentioned by others, you still owe the tax whether it was correctly reported on your original return or not.