Search For
 

 
Discussion Groups: Finances and Investing


Topic: Local Tax Pro's Aren't So Pro
0 Like(s)   


Page1 2Next>
OhJoy

3/19/2012 4:22:15 PM
Member since:
Apr 2010
Total posts:399
Local Tax Pro's Aren't So Pro

So A few weeks ago I went to a very popular and reputable Income Tax place here in the city and asked them to complete my return for me. They told me I wasn't going to be receiving a refund, which I somewhat understood but decided to get a second opinion before allowing the company to file my taxes. After talking with a few family members and friends it was decided that I would have someone else complete and file my return as I should have gotten a refund of some sort (even if not very large).  
 
After I had my taxes redone by someone new, I was informed that my tax refund was going to be $822.19 ... WOAH. So my question is, how does someone who claims to be a tax professional just "miss" an $800+ refund ??  
 
For those of you who haven't filed yet I hope you check into who kind of refund you should receive before hand. I am glad I used my better judgment and sought a second opinion. I'd hate for someone to lose 800 dollars that they may need !!

 
 
  Advertisement
 
sammy

3/19/2012 4:25:27 PM
Member since:
Sep 2010
Total posts:7366
...

if they had missed it, would the CRA have found it? im not sure, im just wondering as i have thought this before.  
 
that really sucks tho!! i paid big money this year to get my taxes done and they were done wrong i know how you feel! we are going to a private accountant next year as my fiance has had better luck with her then this big name place we went to this year.

bigmike

3/19/2012 5:30:56 PM
Member since:
Sep 2011
Total posts:187
You are preaching to the choir...

I could go on for days with stories of tax preparers making huge mistakes and worse from my years with CRA. Now, to be fair to the good ones, there are a ton out there who do an amazing job and correct, but charge to reflect it. This is why I tout using the free Studiotax software download and letting it walk you through the process.  
 
I just reviewed a 2010 tax return for a fellow who had it prepared by one of the firms here in Brandon, and they made a $4000 plus mistake!!!! When he went back to them to say what the heck, they looked at it and said, well, if CRA says to pay it, you better pay it.  
 
There are a ton of reputable and knowledgeable people who do it as a sideline like myself, who will do them for $20 or so and do them right. Just make sure you find someone who knows what they are doing and has some references.

bigmoe

3/19/2012 5:50:12 PM
Member since:
Jul 2006
Total posts:1379
.

Often it depends on what information you bring them. They can't ask you about every possible scenario but if you are informed and bring the right receipts, slips etc., or have brought previous returns it makes a big difference.

traveller

3/19/2012 6:10:25 PM
Member since:
Jun 2007
Total posts:7637
>

i have had good and bad experiences with all levels of tax preparers, what i do is try to be as knowledgeable as i can be but, then sometimes i wonder if i have to double and triple check if i shouldn't just do them myself? but were all human and even the best have an off day what tells me how good they are is how they handle any mistake made.  
 
sammy- just curious, did you go with my recommendation or the other one?

na

3/19/2012 6:24:52 PM
Member since:
Feb 2012
Total posts:265
Sokoloc

That's good it was found! Where did you get your taxes done?

sammy

3/19/2012 6:26:24 PM
Member since:
Sep 2010
Total posts:7366
:(

  
traveller said "i have had good and bad experiences with all levels of tax preparers, what i do is try to be as knowledgeable as i can be but, then sometimes i wonder if i have to double and triple check if i shouldn't just do them myself? but were all human and even the best have an off day what tells me how good they are is how they handle any mistake made.  
 
sammy- just curious, did you go with my recommendation or the other one? "

i'll pm you...i was not happy at all! i have had GREAT experiences with this business in Portage but not here...

Triplejsec

3/19/2012 8:44:04 PM
Member since:
Apr 2011
Total posts:178
:)

We used bigmike and he found us a 4000 dollar return! We are more than pleased with the service he provided! Will Recommend him to anyone!! Thanks again

yellowstraw

3/19/2012 8:58:06 PM
Member since:
Feb 2010
Total posts:569
is there

anywhere that a person can find out what all a person can claim on their taxes? Ie. prescriptions, glasses, etc etc. I hate hearing from people, AFTER I've gotten my taxes done that there were other things I could have claimed.

curlysister

3/19/2012 9:10:41 PM
Member since:
Sep 2009
Total posts:1445
yep

A good accountant with a designation (ie- CGA) is your best bet. Anyone can call themselves a 'tax professional' or 'tax preparer' but it doesn't mean they have any recognized education.

bigmike

3/19/2012 10:10:32 PM
Member since:
Sep 2011
Total posts:187
Crossing Fingers

All of those things are claimable on your tax return as medical expenses. That being said, your medical expenses have to be higher than 3% of your net income before they have any impact on your taxes.  
 
If you have any further questions, or need more information, please feel free to PM me.

bigmike

3/19/2012 10:10:47 PM
Member since:
Sep 2011
Total posts:187
Crossing Fingers

All of those things are claimable on your tax return as medical expenses. That being said, your medical expenses have to be higher than 3% of your net income before they have any impact on your taxes.  
 
If you have any further questions, or need more information, please feel free to PM me.

msunderstood

3/19/2012 10:55:20 PM
Member since:
Aug 2009
Total posts:75
Will the CRA?

Re-do the return in order to check for accuracy and correct it.. if you Are owed will they state/give that or will they just give what was stated initially?  

Atyaugh

3/19/2012 11:52:39 PM
Member since:
Mar 2011
Total posts:932
Yes and No

  
msunderstood said "Re-do the return in order to check for accuracy and correct it.. if you Are owed will they state/give that or will they just give what was stated initially?  
"

I have gotten small cheques from the CRA once they've completed revisions to my tax returns, but for the most part, I don't think they go through and TRY to find people more money. They more so checking to ensure that you don't owe them something. Lol.  
 
I know a few people who have had their taxes checked long after they received their returns, and found out that they actually should have gotten much more. That is what leads me to believe the CRA doesn't make any revisions that are going to benefit you. XD

archerreed

3/20/2012 8:25:42 AM
Member since:
Jan 2011
Total posts:244
how do you knwo the first guy was wrong????

so did you get a 3rd return done, or just assume the 2nd firm was right???

bigmike

3/20/2012 8:59:45 AM
Member since:
Sep 2011
Total posts:187
Oops, my apologies

this was intended for Happy Girl not for Crossing fingers.... they simply quoted the initial post. My bad

bigmike

3/20/2012 9:03:23 AM
Member since:
Sep 2011
Total posts:187
What will happen

  
msunderstood said "Re-do the return in order to check for accuracy and correct it.. if you Are owed will they state/give that or will they just give what was stated initially?  
"

The system will check for obvious errors, like T-slips not matching and then cross reference for a few basic errors, but generally you are on your own. While in collections and enforcement, I was given a file of a lady who owed $106,000. While I was reviewing it for collections, I thought things didn't add up. After calling them and investigating, I found they made a HUGE error and the result was that they only owed $21,000 not $106,000. You can't imagine how happy they were. And yes, they had tried to do their return themselves with complex issues and not known what they were doing.  
 
That being said, this is pretty much the only way that larger errors get caught, is if someone actually spots its and decides to investigate it.

Trekster

3/20/2012 9:36:17 AM
Member since:
Jun 2010
Total posts:271
:)

  
happy_gal said "anywhere that a person can find out what all a person can claim on their taxes? Ie. prescriptions, glasses, etc etc. I hate hearing from people, AFTER I've gotten my taxes done that there were other things I could have claimed. "

Go to your local post office and pick up a tax guide. It has a great deal of info in it or visit www.cra.gc.ca  

IMO

3/20/2012 9:55:18 AM
Member since:
Oct 2011
Total posts:346
Funny Thing About CRA....

  
sammy said "if they had missed it, would the CRA have found it? im not sure, im just wondering as i have thought this before.  
 
that really sucks tho!! i paid big money this year to get my taxes done and they were done wrong i know how you feel! we are going to a private accountant next year as my fiance has had better luck with her then this big name place we went to this year. "

When you owe them money, they know it right away and expect it right away.  
 
When they owe you money, you get lost in the system and don't get your cheque. lol.

theotherryan

3/20/2012 10:00:55 AM
Member since:
Mar 2011
Total posts:62
True

  
archerreed said "so did you get a 3rd return done, or just assume the 2nd firm was right??? "

This was my thought. Do you just keep going from one place to the next till you find someone that says you are getting a return and say the others were wrong?

OhJoy

3/20/2012 10:09:09 AM
Member since:
Apr 2010
Total posts:399
I didn't go to a firm the

second time. AND I spoke with the CRA after I had them redone. You make it sound like I was wrong to seek a second opinion ... Take your posts else where.

pudds

3/20/2012 11:33:45 AM
Member since:
Jun 2010
Total posts:104
...

  
IMO said "
  
sammy said "if they had missed it, would the CRA have found it? im not sure, im just wondering as i have thought this before.  
 
that really sucks tho!! i paid big money this year to get my taxes done and they were done wrong i know how you feel! we are going to a private accountant next year as my fiance has had better luck with her then this big name place we went to this year. "

When you owe them money, they know it right away and expect it right away.  
 
When they owe you money, you get lost in the system and don't get your cheque. lol. "

Not necessarily. A few years back I didn't realize I still had tuition to claim and filed without it, and ended up getting $1500 back from CRA instead of the $700 I'd expected.

sammy

3/20/2012 1:12:52 PM
Member since:
Sep 2010
Total posts:7366
:)

  
pudds said "
  
IMO said "
  
sammy said "if they had missed it, would the CRA have found it? im not sure, im just wondering as i have thought this before.  
 
that really sucks tho!! i paid big money this year to get my taxes done and they were done wrong i know how you feel! we are going to a private accountant next year as my fiance has had better luck with her then this big name place we went to this year. "

When you owe them money, they know it right away and expect it right away.  
 
When they owe you money, you get lost in the system and don't get your cheque. lol. "

Not necessarily. A few years back I didn't realize I still had tuition to claim and filed without it, and ended up getting $1500 back from CRA instead of the $700 I'd expected. "

thats good to know. i think i will have our return from this year looked over by someone else. at just a quick glance i noticed they had made a mistake and it resulted in me paying 100 less then they said i had too. i dont really want to pay the CRA if i dont have too lol

perhaps

3/20/2012 1:16:20 PM
Member since:
Sep 2008
Total posts:1387
Tax info

Anyone can enter the numbers of a Tslip but it is knowing what you can and cannnot claim that helps you get your return done best  
All the info is listed for anyone to read at their website:  
<:A target="_blank" HREF="http://www.cra-arc.gc.ca/azindex/menu-eng.html">:http://www.cra-arc.gc.ca/azindex/menu-eng.html<:/A>:  
Also keep your notice of assessment it tells you if you have something to carry forward for next year. Mine stated how much tuition etc I have left for my tax return for 2011  
Medical expenses are the biggest thing missed on returns. Paymts made to Blue Cross, or other private healthcare companies, Trips to Wpg for medical appts/hotels/meals trips over 40 km. Eye appts, glasses, dental, braces, wheelchairs, too many to name  
 
 
Edited by letmesee, 2012-03-20 13:17:18

archerreed

3/20/2012 3:24:41 PM
Member since:
Jan 2011
Total posts:244
did i hit a nerve or something

  
Sokoloc said "second time. AND I spoke with the CRA after I had them redone. You make it sound like I was wrong to seek a second opinion ... Take your posts else where. "

dont be so pissy<: i was only thinking that what happens if the first return was right, and you end up in a audit.  
 
wow just tring to do a what if

ajsahred

3/20/2012 4:01:25 PM
Member since:
Aug 2009
Total posts:158
...

a couple of years ago my fiance went and got his taxes done at a certain place in brandon and he was told he was only getting 200.00 bucks back (around that amount) a mth later we got a check in the mail for another 1200.00!!!

msunderstood

3/20/2012 4:51:47 PM
Member since:
Aug 2009
Total posts:75
Hope!!

  
ajsahred said "a couple of years ago my fiance went and got his taxes done at a certain place in brandon and he was told he was only getting 200.00 bucks back (around that amount) a mth later we got a check in the mail for another 1200.00!!! "

That's exactly what i want to happen to meeeee!!!! LOL.  
 
Edited by msunderstood, 2012-03-20 16:53:11

West Coast

3/20/2012 9:02:25 PM
Member since:
Feb 2010
Total posts:365
Just curious ...

Is it typical to owe a large amount after a year of maternity leave?

privateforareason

3/20/2012 9:10:24 PM
Member since:
Feb 2011
Total posts:68
Yes

  
Who cares... said "Is it typical to owe a large amount after a year of maternity leave? "

If they weren't taking tax off. I didn't realize it wasn't automatic to take taxes off. Everything was done online, direct deposit, so didn't receive statements. Found out when I did my taxes the following year  
 

perhaps

3/21/2012 7:11:49 AM
Member since:
Sep 2008
Total posts:1387
EI

Yep!! EI never takes much off of your cheque for taxes, doesn't matter if it is sick leave, mat leave, or regular EI same thing just a smidgin of tax taken off  

 
Page1 2Next>


 Invite a friend to join this discussion  Get E-mail/text alerts for this discussion    
Bookmark and Share
This thread has gone more than 90 days without a reply and has been closed as a result. Please feel free to start a new topic should you feel it is warranted.

   

 

Current Discussions

 
 
 

Classified Ads

 
 

Blogs

 
 

Local Business Directory

 
 
Atom-Jet Seeding Openers
Used Atom-Jet Seeding openers for sale by manufacturer. In good condition and prices to sell. CNH, Morris Edge-on, Single Shoot and more. Call (204) 728-8590 and ask for Melody-Anne. More..
Blue Lion Photogrpahy
You will receive art-like images and albums which have a scenic quality, are emotionally charged and have a natural look with an artistic impression. We also incorporate some aspects of wedding photojournalism into your final albums. It is a refreshing new approach to wedding photography. These photographs will have an unposed and spontaneous feel. It takes a instinctive creativity to be able to combine portraiture and storytelling photography in an album and keep everything natural. More..
Forman Auto Centre
Forman Auto Centre features Brandon's Honda Dealership, Brandon's Mazda Dealership, and the full service Forman Collision Centre. Bring your vehicle to us for the best quality in service. More..