Hi,
I have a problem with my tax returns for the last year. An accountant,whom my office hired to manage 1040 form and paychecks, has made a mistake on my 1040 form in a big amount ($16000 reduced ). Now, he has told me and my boss that we will be responsible to pay a penalty of $4000-5000 to IRS.
Is there any way to dispute or dismiss those penalties? I am going to report an exact amount to IRS,which is supposed to be according to my last paycheck.
I have a problem with my tax returns for the last year. An accountant,whom my office hired to manage 1040 form and paychecks, has made a mistake on my 1040 form in a big amount ($16000 reduced ). Now, he has told me and my boss that we will be responsible to pay a penalty of $4000-5000 to IRS.
Is there any way to dispute or dismiss those penalties? I am going to report an exact amount to IRS,which is supposed to be according to my last paycheck.