PopAlongKid
Joined 5 years ago
Joined 5 years ago
What do you mean by "cost you $20K"? That your tax liability was calculated by the accountant to be higher than it actually should have been? Or that the accountant calculated your liability too low, which was caught and billed by the IRS?
In the first case, you can still file for a refund within 3 years (I'm omitting some technical details), but in the latter case, as mentioned by others, you still owe the tax whether it was correctly reported on your original return or not.
• He [protagonist] finds a giant African land snail (Lissachatina fulica) crawling on a rock.
• Starving and exhausted, he uses his knife to carve the large mollusk out of its shell and eats the snail meat raw.
• After swallowing it, he comically picks a sharp thorn off a nearby bush to clean his teeth.>the point remains that the 60+ set have more voting power and influence/wealth now than they ever had in the past.
That says nothing about how their "voting power" compares to the rest of the population, especially since the size of the cohort is rapidly declining, which is the point that remains.
https://en.wikipedia.org/wiki/File:US_Population_pyramid_202...
>My local government put exactly this on the ballot: a small percentage transfer tax on the sale price of the home,
First comment suggests taxing the gain (income tax), while second comment suggests a tax on sale price (gross receipts tax). Two very different things.
Best packing advice I ever received: take half as many clothes, and twice as much money, as you think you'll need.
The boomer generation covers 18 years. While such drills may have been common for those in school during the 1950s, I suspect it was much less by the 1960s.
No, there is not. Per IRS Publication 590-B, "You don't include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s)."
https://www.accountingtoday.com/news/new-bill-calls-for-irs-...
There is also an IRS form (14157) to report a return preparer complaint, which of course does not include an option to report a faulty AI.