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New York Personal Injury Lawyers, Helping Those Harmed by Accounting Malpractice

We are moving into the time of the year when people are beginning to prepare for tax season.  Obviously, everyone needs to prepare and complete a tax return, and many people choose not to attempt to navigate through the thousands of pages in the United States Tax Code and instead work with Certified Public Accountants, or CPA’s, to make sure that they are conforming to the tax laws.  Unfortunately, like any other profession, professionals in this field can and do make mistakes that can have serious consequences.  Anyone who has been harmed in this manner needs to seek the help of New York accounting malpractice lawyers.  Below is a brief introduction to this troubling issue.

Common CPA Mistakes

Tax returns can be complicated even for individuals who merely earn salary.  There are thousands of things to remember on each tax return, and CPA’s are supposed to understand all of the nuances of every individual financial situation as it fits into the tax code for that year.  However, there are mistakes that CPA’s make that are more common than others, and a few examples include:

• Failing to file an extension
• Failing to include all income
• Failing to include deductions
• Failing to reconcile the figures on a return

Any of the mistakes listed above can and often do bring serious consequences to the taxpayer.

Consequences of Accounting Malpractice

When a CPA makes any of the mistakes mentioned above or any others, it could lead to serious consequences, as the IRS is not known for its leniency.  The most common consequence is the triggering of an audit, which is a process that’s excruciating for anyone who has to endure it.  In addition, bank accounts can be levied, liens can be filed against property that’s owned by the taxpayer and in some cases criminal investigations can begin.

How New York Accounting Malpractice Lawyers Can Help

Obviously, no one wants to face the situations mentioned above.  When these situations arise, the person who finds himself or herself in tax trouble needs to be able to fight for his or her legal rights.  This can be done with the help of New York accounting malpractice lawyers who understand what the basic standards of professional conduct for those who work in this field entails.

If you have faced tax trouble that has caused you stress, pain and suffering and cost you money, seek the help of New York personal injury lawyers who have been fighting for the rights of the individual for 40 years.  Contact Fitzgerald & Fitzgerald today to schedule a free initial consultation.