Eight Tips About IRS Notices

posted in: Tax Articles

IRS Tax NoticesThe Internal Revenue Service sends out
millions of letters and notices to taxpayers every tax year. That
doesn’t mean taxpayers should be alarmed. Here are eight tips about
dealing with an IRS notices, if one should arrive in your mailbox.
Don’t panic. Many of these letters can be dealt with simply and
painlessly.

  1. 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 or tax return.
  2. Each letter and notice offers specific instructions on what you
    need to do to satisfy the inquiry.
  3. If you receive a correction notice, you should review the
    correspondence and compare it with the information on your
    return.
  4. If you agree with the correction to your account, usually no
    reply is necessary unless a payment is due.
  5. If you do not agree with the correction the IRS made, it is
    important that you respond as requested. Write to explain why you
    disagree. 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
    part of the notice. Allow at least 30 days for a response.
  6. 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. Have a copy of your
    tax return and the correspondence available when you call.
  7. It’s important that you keep copies of any correspondence with
    your tax records.

For more information about IRS notices and bills, see Publication 594, The IRS Collection Process.
Information about penalties and interest charges is available in Publication 17, Your Federal Income Tax for
Individuals
.

Leave a Reply