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Updated almost 10 years ago on . Most recent reply

User Stats

52
Posts
20
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Cathy Wells
  • Investor
  • Decatur, TX
20
Votes |
52
Posts

CPA worth his salt?

Cathy Wells
  • Investor
  • Decatur, TX
Posted

Hi y'all.  I've got a question for you.  Our CPA (whom we chose because he is also an investor) neglected to inform us about changes in tax deductions that are the result of Obamacare.  So...instead of getting money back this year as we had planned, we now owe money.  Is it too much to expect that we should've been told about these changes?  Isn't that essentially his job?  

Most Popular Reply

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2,929
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Linda Weygant
  • Investor and CPA
  • Arvada, CO
3,689
Votes |
2,929
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Linda Weygant
  • Investor and CPA
  • Arvada, CO
Replied

Yes and no.  If the IRS had quietly passed some laws or made changes, I might expect a CPA to let their clients know about it.  For something as widely publicized as the Affordable Care Act and it's wide and overarching implications over pretty much everybody in the country, I wouldn't think a CPA would reach out to every single client.  They might do a couple of social media posts about it, but I wouldn't expect a mass mailing that would basically parrot everything that's been in the news, on TV and the radio for the past 3 years.

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