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And the rich guy probably has a CPA filing their taxes. It's quite unlikely there will be anything in there that's easily detected.

• ghaff 4y ago
  Or that is a flat-out mistake. You're right that wealthier people probably aren't going to commit obvious fraud like "forgetting" a 1099. But, assuming they are not deliberately committing fraud, their CPA will probably not make any obvious errors either.
  • mindslight 4y ago
    I wouldn't be so sure about that. I just got a letter from the IRS pointing out an error in an amended return my CPA had filed, presumably with the help of software. They tallied total taxable income to a nonzero amount, but then put a zero for the tax due on that amount. I missed it on my own review because it was one of many returns I had to file.
    • ghaff 4y ago
      Hence probably. I have no doubt CPAs like every professional including developers make mistakes. Although I assume they're probably mostly obvious one which can be corrected fairly easily. I'm also sure there are outliers. >I missed it on my own review because it was one of many returns I had to file. Honestly, I look through my returns but they're way past the point where I could find most errors even though my finances aren't especially complex.