Here are 10 things you should know in case one of these letters appears in your mailbox.
1. Do not be alarmed. It is usually enough to answer to resolve the matter.
2. There are many reasons why the IRS can send you a letter or notice. Usually, this is a specific issue on your federal tax return or your account. A notice may inform you about changes to your account or ask for additional information. I could also inform you that you have to make a payment. I will gladly explain the steps you should follow.
3. Each notice contains detailed instructions on what you have to do.
4. You may receive a notice informing you that the IRS has made a correction in your tax return. If so, review the information and compare it with your original statement.
5. If you agree with the information in the notice, you generally do not have to respond, unless the letter indicates otherwise or you have to submit a payment.
6. If you disagree with the notice, it is important that you respond. You should write a letter explaining the reasons for your opposition. Include all the information and documents that you want the IRS to consider. Send your reply by mail along with the portion of the notice. Send it to the address shown in the upper left corner of the notice. Allow at least 30 days to receive a reply.
7. In most cases, you do not need to call or visit an IRS office. If you have questions, call the number in the upper right corner of the notice. Make sure you have copies of your tax return and the notice when you call. This will help the IRS answer your questions.
8. Keep copies of any notice you receive along with your other tax documents.
9. The IRS sends letters and notices by mail. We never communicate by email or social media to request personal and / or financial information.
10. For more information on this topic, visit IRS.gov. Click on the ‘Responding to a Notice’ link at the bottom left of the home page. Also see Publication 594 SP, The Collection Process. You can get it through IRS.gov or by calling 800-TAX-FORM (800-829-3676).
If you receive a letter from the IRS and need help. Contact me and I will gladly explain the steps to follow.