What happens if you get audited and you have a professional accountant?
I have a really good accountant. Do they do everything for you if you get audited? Or is the chance of even getting audited quite slim with a great accountant?
Tags: Accountant, audited, chance, Everything, happens, professional
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June 29th, 2010 at 1:46 pm
The point of a good tax preparer is to have a bullet proof tax return.
Bullet proof means that when the CRA/IRS asks to see the documentation that backs up the claim for a credit or deduction, you whip it out and show it to them. At that point, it’s usually end of story. A good accountant makes sure you have these records before doing the return.
A bad accountant is one that gets you a great refund, but does so by making up numbers on the tax return. Then when you get questioned, disappears.