Hey ,
Do you know? Your responsibilities don't end when you hire a tax professional. The State of Indiana recently sent out an email with a very clear message, and it mirrors what I've been emphasizing:
You’re Responsible For Providing All Tax Information To A Tax Professional.
This may seem obvious, but it's a point that is often overlooked. Here's why this is so important:
- Accurate Returns: I can't file an accurate return if I don't have all your tax documents. Missing info can cause delays and errors.
- Missed Deductions/Credits: You could miss out on valuable deductions and credits if you don't provide all the necessary paperwork.
- Penalties: Ultimately, you're legally responsible for any errors or omissions on your tax return, even if prepared by a professional.
The State of Indiana put it well: "When choosing a tax professional, it’s important to find someone who is qualified and trustworthy. Keep in mind that you are legally responsible for the information on your return and any penalties as a result."
Please watch this video, Tax Season Blues + IRS Auditing Black People + Q&A, where I touched on many issues affecting you during the tax season, including how and why it is your responsibility to provide accurate tax
documents.
WATCH IT HERE: https://www.youtube.com/watch?v=OQEcVFHN6Ak
Bottom line: I'm here to help you, but tax prep is a team effort. Please take your responsibility for providing complete documentation seriously this tax season.
Let me know if you have any questions!
Your favorite accountant and tax professional,
Folasade,
(202) 618-1295
[email protected]
