Writers: Tax software can lie to you

Writers: Tax software can lie to you

January 20th, 2014 → 11:15 am @

 

Tax software can lie to you

“The IRS stopped the home office deduction,” an author told me.

I knew that wasn’t true and learned that her tax software did not include a deduction for her home office, probably because of an incorrect reply she gave during the software interview process.

Tax software is a great tool, and of course, I use it myself (I’m a CPA!), but the software is only as good as the user.

Garbage In, Garbage Out.

If something seems incorrect about your tax preparation software, contact the software provider, or better yet, consult a professional tax preparer. A CPA who can help you understand your business and taxes is best.

If your CPA finds an error, he or she can help you to amend your tax return up to three years from the due date.

 

Carol Topp, CPA

 

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Related posts:

  1. Tax Tip for Writers: Software can lie to you
  2. Tax Tips for Writers: Accounting software for non accountants
  3. The Writer’s Home Office Deduction
  4. How picky is the home office deduction?
  5. Common Tax Mistakes Made by Writers

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