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Level 1
February 3, 2021
Question

When would you agree to SOL on a amended tax return on power of attorney

  • February 3, 2021
  • 2 replies
  • 8 views
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2 replies

sjrcpa
Level 15
February 3, 2021

Extension of SOL? Is it being examined?

The more I know the more I don’t know.
Level 6
February 3, 2021

Question is not clear.

But if you are asking when would you agree to a SOL for amended return that you have power of attorney over I think the answer is when it makes sense to do so.

It was explained to me once that if you don't agree they will close the audit before the expiration and you may not like their adjustments.  At that time you will then be given a choice to accept or appeal.  So make sure that you want to be given that choice.

I think we will see this more and more as IRS just get further and further behind.