cpa, advised that there would not be that large a tax liability in 2006. Now he says he was wrong and we have a LARGE tax liability...do we have any recourse for his bad advice?Bad advice from tax preparer cpa-scorp asked cpa about taking advantage of section 179?
Only on the fee he charged you.
Possibly any penalty and interest as well.Bad advice from tax preparer cpa-scorp asked cpa about taking advantage of section 179?
Not much. You correctly owe the taxes anyway. If there are penalties and interest did he guarantee to pay them like H%26amp;R Block before he did your return? If not maybe he can discount his fee. If not forget about it.
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