John Bullis

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February 26, 2013
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John Bullis: Misuse a tax-preparation program and it's your liability, not software's

Brenda Frances Barlett lost a lawsuit in United States Tax Court regarding her 2008 individual income tax return. T.C. Memo. 2012-254.

She prepared her own return on TurboTax, reporting a total tax of $44,619. The IRS determined the correct liability was $88,287, and the tax court agreed.

No facts were in dispute. She received $223,870 from her employer retirement plan when she retired. She only reported $119,400 as taxable, but it was all taxable.

Because the understatement of her income tax was more than $5,000 and more than 10 percent of the tax that should have been shown on her …

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The Nevada Appeal Updated Feb 26, 2013 01:32AM Published Feb 26, 2013 01:31AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.