[dakolli]

Not sure why this is getting down voted. You will get audited 3 years after the offense and they will charge you interest higher than the worst credit card for those three yrs (during which you had no clue you offended). Be fool and replace your CPA with your favorite text autocomplete machine learning model and let me know how that works out for you.

[riddlemethat]

The downvotes are because my post was clear and they did not understand the point. We did not replace our CPA. We replaced the book keeper. The human CPA is the human in the middle reviewing the work of the AI. There is no responsible business owner alive today who would trust an LLM to replace their CPA, IMHO.

[senordevnyc]

This is blatantly false. The interest and penalties from the IRS are much lower than the average credit card (25%+, compounding daily).

And your statement that “making a mistake on your taxes” results in penalties above $150k is so dumb I don’t even know where to start.

You know CPAs make mistakes all the time, right?