I was sent a letter by the IRS saying I owe them $X, plus interest, because I made a mistake on my 1998 return (took the greater of two numbers instead of the lesser). My accountant verified the IRS is correct and that he made a mistake when he prepared the return.Who is responsible for paying the IRS? My accountant contends that I am responsible for the tax and interest because I originally owed the money. He did say he would pay for any penalty incurred. Is this industry standard?Thanks much.
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