Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

1,257
Posts
217
Votes
Mary Jay
  • Glendale, AZ
217
Votes |
1,257
Posts

Can a fishy accountant get you in trouble with the IRS? And how to prevent it?

Mary Jay
  • Glendale, AZ
Posted

Hi guys,

I have a question for you:

I have an acquaintance who went to jail for tax fraud. He says another big business came to town and wanted to buy him out, but he refused. So that business sent a couple of accountants his way and he did not know it was a set up and hired them.

He trusted them and was staying out of their business but those accountants set him up, and during an IRS audit there was something that he went to jail for.

I am kind of unclear, would not it be an accountants fault since they did his taxes, and not his fault?

How to prevent being set up like that?

Loading replies...