This tax season has been especially wild for me. I have inherited many new clients from chain tax preparation firms, Liberty Tax, HRBlock, Block Advisors, tax preparers, and 1800 Accountant.
I always review the prior return and I see many minor mistakes and missed opportunities.
However, 1800 Accountant was by far the worst, and put the taxpayer at great risk. This client came to me from them. They formed an LLC and made an S-Corp election. He paid for the full bookkeeping and whatever package, however, they never told him to or ran payroll.
Anyway, the entire time, they have reported him as taking distributions. This has gone on for three years. Unfortunately this puts him in a very bad position.
But for anyone considering 1800 Accountant, just find a local reputable CPA or EA
Posted by Encoded_Python
1 Comment
Inb4 this goes on the first page of Google