Early Retirement & Financial Independence Community - View Single Post - IRS Sent me a Letter and a much bigger Refund.............

Brat · 05-14-2007, 10:03 PM

Ok, consider this.... maybe the CPA took a conservative approach to the return because, after all, it is his/her professional liability on the line. He took the chance that the estate would owe more, rather than less.

It could be that the IRS has made an error. After they have reviewed the return and refunded the $$$ they will have a devil of a time charging penalties if they change their mind.

'tis better to be refunded than get a demand letter for more after the estate has been resolved.

Says the Mom of a CPA..

05-14-2007, 10:03 PM	#5
Brat Thinks s/he gets paid by the post Join Date: Feb 2004 Posts: 3,146	Ok, consider this.... maybe the CPA took a conservative approach to the return because, after all, it is his/her professional liability on the line. He took the chance that the estate would owe more, rather than less. It could be that the IRS has made an error. After they have reviewed the return and refunded the $$$ they will have a devil of a time charging penalties if they change their mind. 'tis better to be refunded than get a demand letter for more after the estate has been resolved. Says the Mom of a CPA.. __________________ Duck bjorn.