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An example, from this year: a friend received a letter from the IRS. They were about to levy something in the order of ten thousand dollars. I will mention th
by at_a_remove 6y ago
An example, from this year: a friend received a letter from the IRS. They were about to levy something in the order of ten thousand dollars. I will mention that the tax return that year had been prepared by a family friend of theirs who worked for the IRS. I have no further details at the moment.
Perhaps you are not fussed by the prospect, but I do not ever want to get a letter from the IRS telling me I need to pay them ten thousand dollars.
- tgb 6y agoOf course I don't, but I guess the question is: would they have owed that much anyway? My thought was that the IRS just billed you what you should have payed already plus maybe some interest. So if you get a $10k bill, it's an unpleasant surprise but doesn't that mean they just messed up and should have payed that 10k (less some interest) a few months earlier?
- at_a_remove 6y agoHow would I know? The answer is I don't. Even tax experts seem to make mistakes, as pointed out. Faced with that, I tread lightly. Remember, the IRS has worked very, very hard to get a certain kind of reputation and there are knock-on effects from that.