Friday, May 07, 2010

The Timothy Geithner Approach

Many tax preparation software out there comes with an accuracy related guarantee that goes something like if there are errors found on your return, the software provider will take full responsibility for resolving the problem. I guess to some that may give them a little reassurance that they can prepare their own taxes without the assistance of a competent professional. Well the IRS also has a saying and it goes a little something like this:

"Taxpayers have a definite responsibility to file an accurate tax return...."

So it is up to the taxpayer (not the software) to file an accurate return. If you think that is not the case here is what can happen if you attempt to blame your errors on the software.




The Tech Accountant


Source: Kiplinger


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