4 ms·

Just do it the New York way and tell him he's fired. Then again, did you just not pay in and then hire an accountant in hopes of making reality go away? There'

Just do it the New York way and tell him he's fired. Then again, did you just not pay in and then hire an accountant in hopes of making reality go away? There's not that much an accountant can do if the real problem is you're not paying your bills...

nrj 17y ago
The problem is he severely underestimated my tax estimates.
- brianmckenzie 17y ago
  Yeah, fire him. I don't know all the details of your situation, but an expensive CPA should not screw up like that. Unless he can get you enough money back to justify the cost of retaining him, you're better off without a CPA.
  - nrj 17y ago
    The thing is I feel sort of helpless without a CPA. I recently (beginning of this year) bought Quickbooks and I have been keeping track of all the books myself. Logging all transactions, income, expenses, keeping receipts etc. So I feel like this is good step in becoming independent. I paid in a bunch of my debt (about 20k) and filed for a 6 month extension. I'd rather not pay this guy any more money to prepare my return. Do you know any online resources that might help me get this sorted out?
    - brianmckenzie 17y ago
      It's good that you were able to pay 20k along with your extension. I can't think of any specific online resources that would help (note that I mistakenly said Quickbooks Online instead of Turbotax Online in my original post - I run Quickbooks, but do taxes in Turbotax or by hand). Maybe you could find a better CPA, if you really feel you have to have one. Do you know your actual tax liability from your return? If not, you could go on the Turbotax website and figure it out without paying anything, unless you actually file through them. Do you know all your deductions, etc? Since you live in NYC your rent could be a big deduction, if ever work from home. If I were you I would go through Turbotax Online and diff that against what your CPA is telling you, as a first step.

nrj 17y ago

The problem is he severely underestimated my tax estimates.

brianmckenzie 17y ago
Yeah, fire him. I don't know all the details of your situation, but an expensive CPA should not screw up like that. Unless he can get you enough money back to justify the cost of retaining him, you're better off without a CPA.
- nrj 17y ago
  The thing is I feel sort of helpless without a CPA. I recently (beginning of this year) bought Quickbooks and I have been keeping track of all the books myself. Logging all transactions, income, expenses, keeping receipts etc. So I feel like this is good step in becoming independent. I paid in a bunch of my debt (about 20k) and filed for a 6 month extension. I'd rather not pay this guy any more money to prepare my return. Do you know any online resources that might help me get this sorted out?
  - brianmckenzie 17y ago
    It's good that you were able to pay 20k along with your extension. I can't think of any specific online resources that would help (note that I mistakenly said Quickbooks Online instead of Turbotax Online in my original post - I run Quickbooks, but do taxes in Turbotax or by hand). Maybe you could find a better CPA, if you really feel you have to have one. Do you know your actual tax liability from your return? If not, you could go on the Turbotax website and figure it out without paying anything, unless you actually file through them. Do you know all your deductions, etc? Since you live in NYC your rent could be a big deduction, if ever work from home. If I were you I would go through Turbotax Online and diff that against what your CPA is telling you, as a first step.