We have had our CPA do our taxes for over a decade and several months ago we got hit with a $9k bill from the IRS this year. Couldn’t figure it out in any way why between the IRS, our accountant and looking over things but paid it asap to avoid further penalties. Three weeks later we got it all back with interest so my husband called again to ask what was going on. They don’t know why we were billed but I put that money in a separate savings so we can resend it if necessary. Buckle up, everyone.
I started up a family limited partnership about 5 years ago. Did it with a trusted attorney and CPA. About 6 months after I set up the LLC, I got a letter from the IRS claiming that I owed them $6,500. My CPA sent a letter back pinning their ears back. She told me that it was a common tactic of the IRS.