tag:blogger.com,1999:blog-6318055043707993918.post5765182498552666467..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: THE TAX COURT WAS WRONG!Robert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6318055043707993918.post-18519367337070170542012-01-05T18:59:42.274-05:002012-01-05T18:59:42.274-05:00TM-
If we are talking about a tax deficiency of $...TM-<br /><br />If we are talking about a tax deficiency of $9297 then the amount of interest reported on the Form K-1 was a lot,<br /><br />I stand by my concern that the return was not properly checked.<br /><br />I think it would be obvious by reviewing the finished return that an amount so big was not included in the income. <br /><br />If you received $30,000 in interest from a K-1 and the interest line on your 1040 is only $2,000 (I am making up the numbers) it is obvious to the most math challenged person that something is wrong.<br /><br />My observation in the post still stands - Mr Olsen should have gone to a competent tax professional in the beginning and not relied on a box.<br /><br />TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-58199845973119054272012-01-03T21:48:45.805-05:002012-01-03T21:48:45.805-05:00Sure if he had used a tax pro he wouldn't had ...Sure if he had used a tax pro he wouldn't had to mess with with tax court, if the tax pro hadn't made the same mistake. He could have done a paper return and made the same mistake.<br />He went to Tax Cout because it was a 20% accuracy penalty. If that had happened to me I would have thought about fighting it too. That penalty has a feel of almost fraud. What I didn't know was that there was a "small claims" track at Tax Court. <br />Tom, I remember the article I had was very specific that Mr. Olsen won because it was a data entry level and TT still was not a good excuse.Trishhttps://www.blogger.com/profile/16343962683489406655noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-78316916150774953342012-01-03T16:54:53.552-05:002012-01-03T16:54:53.552-05:00So what this is saying is that the “Turbo Tax Defe...So what this is saying is that the “Turbo Tax Defense” is not only for high-level government officials but for those who holds a Government security clearance also. <br /><br />Just another step towards a further separation of elite government and the common citizenry it rules over...Tomhttps://www.blogger.com/profile/16406674623634106214noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-3774578924986475702012-01-03T16:24:54.959-05:002012-01-03T16:24:54.959-05:00TM-
I think I recall that post.
(1) If he admitt...TM-<br /><br />I think I recall that post.<br /><br />(1) If he admitted his error why did he go to Tax Court?<br /><br />(2) I still don't think he worked hard enough to get penalty relief - as per my comments.<br /><br />(3) Surely you agree with my final paragraph.<br /><br />Thanks!<br /><br />TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-76109937593322800362012-01-03T12:28:29.709-05:002012-01-03T12:28:29.709-05:00Robert, I wrote about this decision at the end of ...Robert, I wrote about this decision at the end of November. Never did Mr. Olsen blame TT. He admits that he made a data entry mistake and did not catch it. He was allowed penalty relief because he could show that he worked hard to prepare a correct return but messed up.<br />The next day I received an e-mail from him and he corroborated that he won because he accepted blame for making a data entry mistake. And at no time did he blame the software for his problem. (He also corrected my mis-spelling of his name.)Trishhttps://www.blogger.com/profile/16343962683489406655noreply@blogger.com