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| *The Commerce Journal>>>Other Taxes |
If you have your taxes done by H and R Block who is responsible if they make a mistake? |
If you have your taxes done by H and R Block who is responsible if they make a mistake? To add to the previous answers if you bought the "Peace of Mind" coverage that was offered when you did your taxes then the insurance will pay up to $5000 of additional tax. H & R Block always pays the penalty and interest. The others are correct that if you do not provide the correct information all costs will be yours. If you bring 3 W-2 statements and H & R only enters 2 then they pay. If you had 3 and only gave them 2 then you pay. If you do not tell them the truth on any item then you pay. If you tell them the truth and they mess it up then they pay. You are responsible for the taxes. They would be responsible for the penalties and interest. You and you alone. The taxpayer is solely and exclusively responsible for the accuracy and completeness of any tax return filed. Read the statement at the bottom of your return, right where you signe it. Block, as well as most commercial tax preparers, will pay your penalties (and often your interest) although they are under NO legal obligation to do so. You are. If they make a mistake, part of their guarantee is that they'll pay any interest and penalties that are due to their mistake. But you are still responsible for the taxes, and the IRS would hold you responsible for penalties and interest if H&R for some reason didn't pay them. Alisa L. IF you bought their Peace of Mind policy and didn't lie or withhold information they will pay the taxes/interest/penalty even if the error is on their part. If you only have their standard guarantee they will pay any penalitites and/or interest accrued due to an error on their part. |
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