alt Hacker Newsi'm a bit unclear who has the liability even when you use a CPA. accountants are humans that sometimes make mistakes.
Replies
ElCapitanMarkla • today at 5:04 PM
In NZ the liability is generally on you and not the accountant.
i'm a bit unclear who has the liability even when you use a CPA. accountants are humans that sometimes make mistakes.
In NZ the liability is generally on you and not the accountant.
The IRS made it crystal clear to me long ago. The tax filer is responsible for everything on the tax return, regardless of the preparer. Of course, accountants can be liable in other ways, but the filer has to pay the fines if the accountant makes a mistake.