As an experienced enrolled agent, I’ve encountered various scenarios and navigated the complexities of tax law with finesse.
If you receive a letter or notice from the Internal Revenue Service (IRS), it’s crucial not to ignore it. Most IRS letters and notices pertain to federal tax returns or tax accounts. Here are some do’s and don’ts for handling such correspondence:
Don’t ignore it: The notice will explain the reason for the contact and provide instructions on what to do. Ignoring it can lead to additional steps being taken by the IRS.
Don’t panic: The IRS typically contacts taxpayers by mail, and most of the time, reading the letter carefully and taking appropriate action is sufficient.
Do read the notice: If the IRS changed your tax return, compare the information provided in the notice with your original return. If you agree with the notice, there’s usually no need to contact the IRS.
Do respond timely: If the notice requires a response by a specific date, reply promptly to minimize interest and penalty charges and preserve your appeal rights.
Do pay the amount due: Even if you can’t pay the full amount, pay as much as you can. The IRS offers various payment options, including online payment agreements or offers in compromise.
Do keep a copy of the notice: Retain all notices or letters with your tax records; you may need them later.
Do remember there’s usually no need to call the IRS: If you must contact them, use the number provided in the upper right-hand corner of the notice. Typically, you only need to call if you disagree with the information or have a balance due.
Do avoid scams: The IRS won’t contact you via social media or text message. The first contact usually comes by mail.
Remember, addressing IRS correspondence promptly helps prevent unnecessary complications. If you believe the letter is accurate, follow the instructions to resolve it. If you disagree, you have the right to appeal and hire us Enrolled Agents to represent you.
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