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Articles

...what was that judge thinking...loving v irs... ...we have seen egregious errors and omissions and outright fraud by non-professional preparers... ...gresham's law of money says "bad money drives out good" (seen any silver coins lately in circulation?)... ...bad preparers will drive out the good...find one who doesn't know the rules...shop until you find one who will prepare the return the way you want not the right way...a wink and a nod and we have the amount of deduction that everyone is allowed not what is documented... ...most recently we received a partnership return for a profitable service business that had no s/e income reported on the k-1...the partners had never paid s/e tax on their shares because the same person did their personal returns...and that has gone on for many years... ...need more examples?... ...a non-professional preparer using a tax program to prepare a charitable remainder trust return failed to seed the program with the distribution % and for 10 years reported no income passed to the beneficicary on the k-1...yes, the crt did have income in those years...annual understatement on the beneficiary's income $50k... ...if the irs can't trap out errors like this they must rely on the integrity of the preparers to assist with the proper reporting and taxing of incomes... ...regulation and testing are the only hope we have of saving a profession...

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