Comments on: What to Do When You Made an Error on Your Taxes http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-13877 Canadian Dream Sun, 02 Nov 2008 18:57:45 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-13877 Kris, WOW! That sucks! I would say your accountant failed to do his job. Is he any good at your taxes beyond this mistake? If so you might want to just pay him and keep going. Otherwise complain more and say his $100 off is nuts. Just my thoughts, Tim Kris,

WOW! That sucks! I would say your accountant failed to do his job. Is he any good at your taxes beyond this mistake? If so you might want to just pay him and keep going. Otherwise complain more and say his $100 off is nuts.

Just my thoughts,
Tim

]]> By: Kris http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-13727 Kris Fri, 31 Oct 2008 17:34:20 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-13727 My business has to file taxes for 2003-2006 so I gave all my accounting documents and receipts to an accountant for my small business and he lost all of the expense documents! He's procrastinated on my file for 2 years and finally CRA HAND-DELIVERED a letter to my business inquiring as to why the taxes haven't been filed. I told my accountant to get his butt in gear and he said he talked to CRA and told them he 'misplaced' my tax stuff. CRA said to make estimates on the expenses. So I ended up doing all of the work (calculating the income and estimating the expenses) for the 4 years. The accountant is willing to reduce his fees by like $100 which is rubbish! I wonder if anyone has any advise about what to do?? My business has to file taxes for 2003-2006 so I gave all my accounting documents and receipts to an accountant for my small business and he lost all of the expense documents! He’s procrastinated on my file for 2 years and finally CRA HAND-DELIVERED a letter to my business inquiring as to why the taxes haven’t been filed. I told my accountant to get his butt in gear and he said he talked to CRA and told them he ‘misplaced’ my tax stuff. CRA said to make estimates on the expenses. So I ended up doing all of the work (calculating the income and estimating the expenses) for the 4 years. The accountant is willing to reduce his fees by like $100 which is rubbish! I wonder if anyone has any advise about what to do??

]]> By: A Guide to Appealing Your Taxes - Part I « Ramonorzzo’s Weblog http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-5788 A Guide to Appealing Your Taxes - Part I « Ramonorzzo’s Weblog Mon, 09 Jun 2008 13:59:05 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-5788 [...] Taxes - Part I June 9, 2008, 1:58 pm Filed under: Uncategorized Well after my post about what to do when you make an error on your taxes a reader contacted me about doing a guest post about appealing your taxes. So here is [...] [...] Taxes – Part I June 9, 2008, 1:58 pm Filed under: Uncategorized Well after my post about what to do when you make an error on your taxes a reader contacted me about doing a guest post about appealing your taxes. So here is [...]

]]> By: A Guide to Appealing Your Taxes - Part I http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-5586 A Guide to Appealing Your Taxes - Part I Thu, 29 May 2008 14:36:55 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-5586 [...] after my post about what to do when you make an error on your taxes a reader contacted me about doing a guest post about appealing your taxes. So here is [...] [...] after my post about what to do when you make an error on your taxes a reader contacted me about doing a guest post about appealing your taxes. So here is [...]

]]> By: George http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-5406 George Sat, 17 May 2008 01:30:23 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-5406 Amending a tax return is actually a pretty easy process - if you've signed up for the CRA "My Account" feature on their web site, you can even make the amendments online. And yes, they DO send out extra refunds if you're entitled to extra cash, as long as the amount is over $2. Jordan: Do the math and figure out how much the refund will be - whether it's "worth filing" will depend on how much you'll get back, how much time it'll take to do the paperwork, and what value you place on your time. As to the information received on the phone by CRA representatives, bear in mind that even if you get their full names, if they give you incorrect information it's still YOUR problem to ensure you file your taxes correctly. The Income Tax Act and regulations (incomprehensible as they may be) are the source of all the tax rules, and that legislation trumps anything that a CRA staffer might say to you. Amending a tax return is actually a pretty easy process – if you’ve signed up for the CRA “My Account” feature on their web site, you can even make the amendments online.

And yes, they DO send out extra refunds if you’re entitled to extra cash, as long as the amount is over $2. Jordan: Do the math and figure out how much the refund will be – whether it’s “worth filing” will depend on how much you’ll get back, how much time it’ll take to do the paperwork, and what value you place on your time.

As to the information received on the phone by CRA representatives, bear in mind that even if you get their full names, if they give you incorrect information it’s still YOUR problem to ensure you file your taxes correctly. The Income Tax Act and regulations (incomprehensible as they may be) are the source of all the tax rules, and that legislation trumps anything that a CRA staffer might say to you.

]]> By: porpoise http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-5397 porpoise Fri, 16 May 2008 16:06:06 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-5397 Based on personal experience it is EXTREMELY important to get the full names and #s of people that you deal with over the phone. I have been told completely different information from 2 agents at the phone line at CRA and the onus is on you to prove whatever you say. Based on personal experience it is EXTREMELY important to get the full names and #s of people that you deal with over the phone. I have been told completely different information from 2 agents at the phone line at CRA and the onus is on you to prove whatever you say.

]]> By: Jordan http://blog.canadian-dream-free-at-45.com/2008/05/16/what-to-do-when-you-made-an-error-on-your-taxes/comment-page-1/#comment-5396 Jordan Fri, 16 May 2008 14:33:40 +0000 http://blog.canadian-dream-free-at-45.com/?p=422#comment-5396 Looking back over a couple previous years of tax returns from my accountant and realized he missed some of my deductions. Nothing major, just minor medical expenses. Do you think it's worth filing? Will they even reassess and send a refund for a couple years if the amounts are relatively small? Looking back over a couple previous years of tax returns from my accountant and realized he missed some of my deductions. Nothing major, just minor medical expenses. Do you think it’s worth filing? Will they even reassess and send a refund for a couple years if the amounts are relatively small?

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