Bad CPA - horrible 540 prepared

Forum|Forum|2 years ago
October 5, 2023
2 replies
8 views

I took over a client from a guy in Reno.

The 2021 Form 540, Schedule CA has no adjustment on Line 5 of Section B. This implies that Fed Depreciation = CA depreciation. BUT Form 3885 shows a depreciation difference of over 100K. Yet there is no addition amount on Line 5 of Schedule CA. This tax return is not correct.

I'd really like to do something.

Lacerte Tax

This topic has been closed for replies.

George4Tacks

Level 15

I give you my blessing to go forth and do an amended tax return. Just be careful that no election was taken to do this mess.

Answers are easy. Questions are hard!

IRonMaN

Level 15

As long as Father George has given you his blessings for the day, what else can anybody say or do?

As a side note, there are good CPAs and bad CPAs --------- just like any other profession. But when you get stuck cleaning up after a bad one, it takes awhile for your blood to stop boiling.

Slava Ukraini!

PATAX

Level 12

@IRonMaN yeah you are right. Although sometimes a good accountant may get old or sick or have a traumatic experience, and he or she may slip up. So we may have to consider giving them a little bit of slack.

S

strongsilenceAuthor

Level 10

Compassion always. Agree with you PATAX

He didn't include mortgage interest on four rental properties! So my compassion is limited when a CPA doesn't have review or reconciliation procedures.

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