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Reply to "1099 income and taxes"
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[quote=Anonymous][quote=Anonymous]Not sure if anyone else saw, but there's a person on another older thread who said they got a letter from the IRS saying she owed 16k after their accountant made an error. I would hate to shell out good money for someone who cost me money and peace of mind.[/quote] +1 Our accountant was (probably still is; I made my husband fire him) a horrible procrastinator and always full of questions in the 48 hours before the October extension deadline came up, never mind he had all our information in June, running up the interest we would owe to IRS. We paid him to do our 2012 returns, paid him to amend the returns after he learned from IRS there was income reported to IRS that had not been provided to us via 1099 (accountants get a feed of all reported income for exactly that reason), and then IRS found ANOTHER set of errors and we had to pay him AGAIN to amend the 2012 return to fix his error - all the while paying interest and penalties. Every time we start with a new accountant I get the same thing given to me - a 112-page workbook to fill out in pencil - and if I took the time to do all that, then WHAT IS THE POINT? Might as well file using tax prep software.[/quote]
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