Eight Facts to Know if you Receive an IRS Letter

From the newsletter received from McDermott & Miller

Published: Wednesday, July 2, 2014   /   Categories: Education

Eight Facts to Know if you Receive an IRS Letter

Receiving a letter from the IRS can be a frightening thing and possibly increase the blood pressure as just the sight of “Internal Revenue Service” in the return address of an envelope always makes me a little uneasy.  Here is a list of facts that will help you be prepared in the event you receive a letter from them. 

The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be easily dealt with without having to call or visit an IRS office. Here are eight things you should know about if you receive a notice or letter from the IRS.

1. There are a number of reasons why the IRS might send you a notice. Notices may request payment, notify you of account changes, or request additional information. A notice normally covers a very specific issue about your account or tax return.

2. Each letter and notice offers specific instructions on what action you need to take.

3. If you receive a correction notice, you should review the correspondence and compare it with the information on your tax return.

4. If you agree with the correction to your account, then usually no reply is necessary unless a payment is due or the notice directs otherwise.

5. If you do not agree with the correction the IRS made, it is important to contact your accountant before responding. They will help you to prepare a written explanation to send to the IRS of why you disagree and make sure it includes any information and documents the IRS should consider that support your case. You should hear from the IRS within 30 days regarding your correspondence.

6. Most correspondence can be handled without calling or visiting an IRS office, but you should have a copy of your tax return, as well as any correspondence received from the IRS before contacting your accountant.

7. It's important to keep copies of any correspondence with your other tax records.

8. IRS notices and letters are sent by mail. The IRS does not correspond by email about taxpayer accounts or tax returns.

Hopefully, this will keep you more at ease and be prepared in case the deadly letters “IRS” show up in your mailbox sometime.

(Information taken from newsletter received from McDermott & Miller)

Sharon Almquist

Financial Director



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