Tips for
Taxpayers Who Receive an IRS Notice
Receiving a notice from the
Internal Revenue Service is usually no cause for alarm. Every year the IRS
sends millions of letters and notices to taxpayers. In the event one shows up
in the mailbox, here are ten things you should know.
1) Don’t panic. Many of these
letters can be dealt with very simply.
2) Don’t ignore it. Most of these
letters have a “reply by” date. Inaction can lead to additional interest and
penalties or more aggressive action from the IRS.
3) Call your tax professional.
Your tax professional is available to help you, is familiar with your
situation, and has experience dealing with the IRS. Utilize his or her
expertise. He or she will generally want to see a copy of the letter to
determine the next course of action. Some letters can be resolved simply by
having you contact the IRS directly. Other, more complicated issues may require
you to sign Form 2848, Power of Attorney and Declaration of Representative,
to allow your tax professional to deal with the IRS on your behalf.
4) There are a number of reasons
the IRS sends notices to taxpayers. The notice may request payment of taxes,
notify you of a change to your account, or request additional information. The
notice you receive normally covers a very specific issue about your account.
5) Each letter and notice offers
specific instructions on what you need to do to satisfy the inquiry.
6) If you receive a notice about
a correction to your tax return, you should review the correspondence and
compare it with the information on your return.
7) If you agree with the
correction to your account, usually no reply is necessary unless a payment is
due.
8) If you do not agree with the
correction the IRS made, it is important that you respond as requested. Respond
to the IRS in writing to explain why you disagree. Be courteous and respectful.
Include any documents and information you wish the IRS to consider, along with
the bottom tear-off portion of the notice. Mail the information to the IRS
address shown in the lower left corner of the notice. Allow at least 30 days
for a response from the IRS.
9) Most correspondence can be
handled without calling or visiting an IRS office. However, if you have
questions, call the telephone number in the upper right corner of the notice.
When you call, have a copy of your tax return and the correspondence available.
10) Keep copies of any
correspondence with your tax records. As with any tax issue, contact your tax
professional to help you navigate your own unique situation.
Noah
Daniels, EA is the President of Advance Tax Relief LLC based in Houston, TX.
Noah is very experienced in representing taxpayers before the examinations and
collections divisions of the IRS and various state taxing authorities. For
speaking engagements email noah.daniels@advancetaxrelief.com.
ADVANCE TAX RELIEF LLC - "WE SOLVE YOUR TAX PROBLEMS"
8449 W. BELLFORT, SUITE 356
HOUSTON, TX 77071
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