Sample Tax Opinion Letter [better] -

[Signature]

Used for positions disclosed on a return to avoid the "substantial understatement" penalty. It is weaker than "should" but still provides some protection. sample tax opinion letter

This is the lawyer’s shield. The attorney lists factual assumptions they are making because they cannot verify them personally. [Signature] Used for positions disclosed on a return

A tax opinion is not a guarantee. It is a professional judgment. The "comfort level" varies depending on the standard used. The attorney lists factual assumptions they are making

An unsigned opinion is worthless. The professional must list their credentials. An LL.M. in Taxation adds weight. A CPA without tax law training may not be competent to issue certain complex opinions.

While it does not prevent an audit, an opinion letter provides a ready-made source of legal authority to respond to IRS inquiries.

Jane Q. Investor 456 Oak Street Evanston, IL 60201