Re: How liable is a CPA for your tax return?
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Any idea if you are less likely to get audited with a CPA signature? Maybe more -EV for IRS to audit a return with a professional preparation?
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No, they audit returns based on the return itself, not who signed or prepared it. Certain items cause bells and whistles. CPA's tend to know what these are and can give you advice on how they should be handled before you file the return. We tell our clients that even when they are filing correctly there is always the chance to get audited. That's why we constantly remind them to keep proof of everything they claim on their return.
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