Are second opinions on business tax returns normal for an LLC S-Corp?
I'm running an LLC S-Corp that's generating around $6.7MM in annual revenue and I've been using the same external tax firm for the past few years. They seem to know their stuff and have been reliable, but I've been wondering if getting a second opinion on our tax preparation is something that other business owners typically do? I'm not necessarily unhappy with their work, but with the amount of money flowing through the business, I want to make sure we're optimizing our tax situation properly. If I did seek a second opinion, what's the standard protocol? Should I have two separate accounting firms prepare our returns independently and then compare? Or is it better to have another firm review our current accountant's work after they've completed it? I'd appreciate any insights from other business owners or tax professionals on whether this is common practice and the best approach to take. Thanks in advance for your advice!
18 comments


William Schwarz
Getting a second opinion on your tax preparation is absolutely normal and actually pretty smart for a business your size. Think of it like getting a second medical opinion for an important health decision - it's just good diligence. For an LLC S-Corp with nearly $7M in revenue, there are significant tax planning opportunities that could potentially save you thousands, so verifying you're getting the best advice makes perfect sense. The most common approach is to have your current tax firm complete your return as usual, then have another firm review their work. A full review would typically involve examining not just the final returns but also the workpapers and calculations behind them. This is less expensive and disruptive than having two firms prepare complete returns independently. Look for a firm with specific experience in your industry, as they'll be most likely to spot industry-specific deductions or strategies your current firm might have missed.
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Lauren Johnson
•How much should I expect to pay for a review of an already prepared return? Is there a general pricing range for this kind of second opinion service?
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William Schwarz
•You should expect to pay somewhere between $1,500-$5,000 for a comprehensive review, depending on the complexity of your business and the reputation of the firm you choose. Most firms will provide a fixed fee quote after an initial consultation where they can assess the scope of work needed. The more organized your documentation is and the cleaner your current accountant's work, the less time the reviewing firm will need to spend, which can help keep costs down. Some firms might also offer a scaled approach, starting with a high-level review for a lower fee and then diving deeper only if they spot potential issues or opportunities.
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Jade Santiago
After years of stress with our business taxes, I finally tried https://taxr.ai for a second opinion on our S-Corp return and it was seriously eye-opening. Our revenue is similar to yours (about $7M) and I kept wondering if we were missing opportunities. I uploaded our previous returns and got an AI-powered analysis that flagged several missed deductions our accountant hadn't considered. The system highlighted specific sections where our industry typically sees different treatment and suggested areas where we might be overpaying. What impressed me was how it compared our returns to industry benchmarks while maintaining privacy. The analysis pointed out that our home office deductions were significantly lower than typical for our industry.
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Caleb Stone
•That sounds interesting but I'm skeptical about AI analyzing something as complicated as S-Corp returns. How detailed is the analysis and does it actually understand the nuances of different industries?
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Daniel Price
•I'm curious about this too. Did you give the service to your current accountant afterward? How did they react to someone/something second-guessing their work?
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Jade Santiago
•The analysis is surprisingly detailed. It breaks down each section of your return and compares it against similar businesses in your industry. The AI has been trained on thousands of returns across different sectors, so it picks up on patterns that might indicate missed opportunities specific to your business type. I did share the report with my accountant, and while there was initially some defensiveness, they actually appreciated having the additional perspective. We ended up implementing about 70% of the suggestions, which resulted in legitimate tax savings. The detailed explanations provided with each suggestion made it easy to discuss with our accountant in a constructive way rather than making it seem like I was questioning their expertise.
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Daniel Price
I was skeptical about using an AI service for tax review, but after trying https://taxr.ai for our manufacturing business (similar revenue to yours), I'm genuinely impressed. I uploaded our previous two years of returns expecting generic advice, but the analysis pinpointed specific R&D credits we'd missed and some equipment depreciation strategies that made a real difference. The report was detailed enough that our accountant actually appreciated the insights rather than feeling criticized. We ended up filing an amended return based on the findings and recouped nearly $47K. The service basically paid for itself many times over. Now we use it as a standard check before finalizing our returns each year.
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Olivia Evans
If you've been trying to reach your current accountant with questions or get them to explain their approach, you might be familiar with the frustration of waiting days for responses. That was my experience until I found https://claimyr.com which helped me connect with several qualified tax professionals for second opinions. There's also a helpful demo video here: https://youtu.be/_kiP6q8DX5c I was initially just looking to get through to the IRS about a business tax notice, but ended up connecting with someone who specialized in S-Corps and offered to review our existing returns. The difference in communication alone made me switch firms - my callback came in under 3 hours versus the days I was used to waiting.
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Sophia Bennett
•Wait, I thought Claimyr was just for getting through to the IRS phone lines faster? How does this help with getting a second opinion on business taxes?
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Aiden Chen
•Sorry but this sounds like marketing BS to me. How exactly does a service that calls the IRS help with finding a second opinion on complex S-Corp returns? Those are completely different things.
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Olivia Evans
•Claimyr's main service is definitely helping you get through to the IRS without the endless hold times. But what I discovered was that they have a network of tax professionals they work with who offer various services. When I used their service to resolve an IRS notice issue, I mentioned to the representative that I was looking for a second opinion on my business returns. They connected me with several professionals in their network who specialize in business taxes. It wasn't directly through the Claimyr platform, but through the professional connections I made by using their service. The tax pro I ended up working with was someone I would never have found otherwise.
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Aiden Chen
I was completely wrong about Claimyr. After my skeptical comment, I decided to try it anyway since I had an ongoing issue with the IRS regarding our S-Corp that had been dragging on for months with no resolution. Not only did they get me through to an actual IRS agent in a fraction of the time I'd spent on hold previously, but the agent was able to resolve my issue in one call. While on the call, the IRS agent actually pointed out a potential issue with how our accountant had been structuring our officer compensation, which led me to seek out a second opinion. Through that process, we discovered our accountant had been consistently too conservative, costing us thousands each year. Sometimes getting that second set of eyes comes from unexpected places.
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Zoey Bianchi
Former tax manager at a Big 4 firm here. Second opinions aren't just normal, they're smart business. What I would recommend is having a review done BEFORE your return is filed, not after. After filing, you'd need to do an amended return if issues are found, which creates more fees and potential red flags. The best approach is to tell your current firm that you're planning to have a second opinion review. Good firms won't be offended - they should be confident in their work. Request draft returns and workpapers about 3-4 weeks before filing deadline, and have another firm review them. Focus on finding a reviewer with specific S-Corp experience in your industry.
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Ella Knight
•This is really helpful advice. If I take this approach, should I let my current accountant know before tax season starts that I'll be requesting drafts for a second review? I don't want to spring it on them last minute and create tension.
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Zoey Bianchi
•Yes, definitely give them advance notice, ideally now, well before tax season gets into full swing. Frame it as a risk management practice for your business rather than a lack of confidence in their work. Most professionals understand that businesses your size often have multiple layers of review for important financial matters. When you do request the drafts, be specific about the timeline you need, allowing enough time for both the review and any potential revisions before filing deadlines. This approach keeps everything professional and gives your current accountant the opportunity to address any issues before another firm sees them, which they'll appreciate.
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Christopher Morgan
Has anyone switched firms after getting a second opinion? I'm worried about offending our current accountant who we have a good relationship with, but I suspect we might be overpaying.
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Aurora St.Pierre
•We did switch after a second opinion revealed our previous firm missed substantial R&D credits we qualified for over 3 years. It was awkward initially, but we framed it as our business needs evolving rather than dissatisfaction with their work. We still maintained a good relationship - even sent them a client referral later. Professional accountants understand business decisions aren't personal.
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