A Diamond Bar accountant was out of a job Friday following a state agency's stripping of his Certified Public Accountant's license.
Wingto Aldous Ng has lost his license -- effective March 3 -- as a disciplinary action from licensing violations and alleged negligence.
According to the California Board of Accountancy, Ng repeatedly was grossly negligent in his preparation of tax returns for two clients and then failed to take courses necessary to renew his license.
His license expired May 31, according to board documents.
Ng also allegedly practiced and advertised under the name, United Accountancy, which has a listing online but no website or Facebook presence. No contact information was found.
CBA requests for documentation regarding client tax-return preparation went unheeded and questions remained unanswered regarding deficiencies in his license renewal perquisites, officials said.
Ng was found to be in violation of California Code of Regulations section 52, failure to respond to any inquiry by the board within 30 days and make available all files, working papers, and other documents.
He also was judged in violation of California Code of Regulations section 87 -- a requirement to complete 80 hours of instruction required for license renewal -- and section 94 -- failing to comply with continuing education requirements.
He also was found to be in violation of various state Business and Professions Codes:
- 5060 -- Practicing public accountancy under a false of misleading name;
- 5100 (c), (g) - Gross negligence in dealing with a client and;
- 5156 - Unprofessional Conduct
According to the documents for disciplinary action filed by the board:
Respondent was grossly negligent when he failed to timely prepare and file:
- Individual tax return for the 2005 tax year;
- Corporate tax return for the 2004 tax year;
- Corporate tax return for the 2005 tax year; and
- Corporate tax returns for the 2006 tax year.
Ng was also grossly negligent when he:
Failed to make certain that the Internal Revenue Service 2006 Forn 1040, individual tax return, signed by Respondent and filedwith the IRS was the same as the copy provided to the client.
The differences reported on the 2006 Form 1040 to the IRS and the client were:
- One's Corporation's income has a difference of $87,666;
- The Simplified Employee Pension of $40,000 is not on the copy filed with the IRS;
- Filed copy included two dependents while the unfiled copy did not;
- Another "S" Corporation's income was $25,082 less than the amount reported on the copy filed with the IRS.
The documents also state that Ng was also negligent when he failed to properly file or deternine that a form had been filed with the IRS to make the "S" election before completing the corporation tax returns. The IRS rejected the clients 2005 and 2006 "S" Corporation tax returns.
A PDF of the cause for action and disciplinary measures taken by the board is attached to this article.
