Finance & Enjoyment Blog

If you use programs such as Turbotax, ACTtax, or many of the other home tax preparation software, and there turns out to be an error in your return, your reliance on the software is not a valid excuse for relief from any penalties assessed by the IRS. Unlike using a CPA or third party preparer, the court's classify returns prepared through the use of tax software as self-prepared returns. Depending on the severity of the error, the IRS could impose significant penalties so it's crucial the return is properly reported when filed.


Posted in Your Financial House » Time Management and Organization » Rules and Regulations »



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