things to do when receive an irs notice

10
What To Do When You Receive An IRS Notice 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/>.

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What To Do When You Receive An

IRS NoticeTips 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/>.

Understand You Are Not Alone

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.

Don’t Panic

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.

Read Carefully

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.

Follow Instructions and Keep Copies

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.

If You Need More Time, Ask

For many notices, the IRS will grant a reasonable extension of time to respond. In some cases, though, it legally can’t.

Check the IRS’ Information Against Your Own Files

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.

You May Not Need to Reply

 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.

Respond Appropriately

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.

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