Hello – I recently joined and am enjoying the videos and content on here.
New client that I am in the process of onboarding. Client received a pair of CP504 notices. Client’s deceased wife previously handled tax returns for the applicable years that the notices are for. Amounts due are not substantial, however client is unsure as to what liability is for. Client has not filed tax returns for each of 2016, 2017 and 2018.
My plan is to respond to the notices by calling the IRS (I have a POA) and finding out what I can. I will order transcripts/Mod A as well while simultaneously getting the last 3 years of returns filed.
Client has means to pay amounts from both notices (total is approx $10k) and may opt for an installment plan but he lacks understanding of what his wife did with preparation of returns. I am concerned that more if these may be forthcoming.
Any guidance for other matters to consider would be appreciated.