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<p>[QUOTE="dave92029, post: 1267480, member: 26916"]I believe that the OP is asking about Income Tax on short term and long term capital gains. </p><p><br /></p><p>Taxpayers complete their tax returns based on the "Honor System". The taxpayer is responsible for everything reported on the tax returns that they submit. If a taxpayer receives bad advice, they are still responsible for the error. </p><p><br /></p><p>Most paid tax preparers say that they prepared the return based on the information provided by the taxpayer. </p><p><br /></p><p>Some folks gamble that they will not be audited, and that any false information reported will go undetected.</p><p><br /></p><p>As dirty Harry said: "Do you feel lucky?"[/QUOTE]</p><p><br /></p>
[QUOTE="dave92029, post: 1267480, member: 26916"]I believe that the OP is asking about Income Tax on short term and long term capital gains. Taxpayers complete their tax returns based on the "Honor System". The taxpayer is responsible for everything reported on the tax returns that they submit. If a taxpayer receives bad advice, they are still responsible for the error. Most paid tax preparers say that they prepared the return based on the information provided by the taxpayer. Some folks gamble that they will not be audited, and that any false information reported will go undetected. As dirty Harry said: "Do you feel lucky?"[/QUOTE]
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