Received a letter from The IRS? What to do next? How about some tips for actions to be taken after finding the notice from the IRS in your mailbox.
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Things to do when receive an IRS notice
1. Tips for Taking Action after Finding an IRS Notice in Your Mailbox
Works Cited: Wood, Robert. “Ten Key Tips How To Respond To An IRS Notice." Forbes. Forbes.com LLC, 20 April 2015. Web. 12 May
2015. <http://www.forbes.com/sites/robertwood/2015/04/20/ten-key-tips-how-to-respond-to-an-irs-notice/>.
2. Every year the IRS sends out millions of letters and notices. While it may
feel like the IRS is picking on you, remember that millions of other
taxpayers are experiencing tax issues too.
3. Finding an letter from the IRS in your mailbox isn’t exactly on most
people’s wish lists, but don’t panic! First, open the envelope–don’t assume
it’s bad news. Not every envelope from the IRS is a bill or notice of audit.
Many IRS letters and notices can be dealt with simply and painlessly.
4. This seems obvious, but many of us don’t always read carefully enough.
There are many reasons the IRS sends letters and notices. The notice may
request payment, notify you about a payment already made, notify you
about change in your account, or be a request for additional information.
5. Each letter or notice has specific instructions on it and gives a specific
deadline for a response. Follow instructions and respond appropriately.
Where proof or further evidence is required, provide and attach it. Keep a
copy of everything.
6. For many notices, the IRS will grant a reasonable extension of time to
respond. In some cases, though, it legally can’t.
7. If you receive a correction notice, review it and compare it carefully with
the information on your tax return. Sometimes even the IRS is wrong.
8. If you agree with an IRS correction to your account, no reply is usually
necessary–unless a payment is due. Sometimes the notice will say that you
will be billed.
9. If you do not agree with the IRS correction or notice, it is important to
respond by the deadline given. Explain why you disagree and include any
documents and information needed to back up your claims. Mail the info
to the IRS address shown in the upper left-hand corner of the notice.