Consider this as a cheap lesson. Here, both sides made mistakes. CPA should have addressed your answer “yes” and you should have uploaded the statement. If Either of you have done that, you’ll have taken into account your tax issue. Further, you as the taxpayer have to have a basic, but pretty straightforward understanding on how your tax calculated, specifically tax tiers.
What that means is you should do the sanity check by determining and recalculating tax from the income. It is your responsibility to review the tax go back to make sure it is complete, and, in your position, has some numbers associated with investment income. That is a reasonable expectation from you as a litigant.
They only way you could keep CPA responsible if you could show negligence. The best thing you can do is to communicate your issue to CPA about you looking at “yes”, about your taxes prepared to disregard this answer and consequences of the. He shall educate his staff, year, and you will ask for a deep discount in preparing taxes next. If you’re going to push hard, you can probably get refunded your tax preparation fee, but that is about the maximum you may expect. Still, it is your responsibility to perform final overview of your tax to go back to ensure precision and completeness.
- + Just how much time will this take? I’ve a full-time job
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