November 2, 2009

IRS Connection Notices

The IRS sends out over 300 kinds of notices, and may be anything ranging from failing to file a tax return to errors. A score of IRS issues comes with the common IRS correction notices.

If you get an IRS correction notice, it'll probably require a response before the deadline, so read it carefully and don't ignore it, or else you'll be creating more IRS issues for yourself. The IRS make errors too, so compare the information on the notice with your tax return and do not automatically settle the additional taxes demanded.

Write a letter if you do not agree with the notice. You have 60 days from the date of the notice to reply. Attach a copy of the notice with your letter. Only the IRS can cancell additional taxes.

In some instances, missing information such as Taxpayer Identification Number or other documents is all the IRS notice is about, so send it right away. Documents must have copies. Keep originals for your files.

If it is informing you of an ammendment in your account and there's no payment due, you do not have to respond.

Some issues are resolved easily enough. It's essential to state again: read the notice. If you have any questions regarding the notice, you may talk to the person who sent it to you by calling the number specified on the notice.

IRS notices normally sent are:

  • Balance Due – math error (overpayment of at least $1)
  • Balance Due – no math error
  • Overpaid Tax Applied to Other Taxes You Owe
  • Final Notice, Notice of Intent to Levy and Notice of Your Right to a Hearing
  • Final Notice Before Levy on Social Security Benefits
  • Balance Due – reminder notice
  • Balance Due – urgent notice
  • Notice of Default on Installment Agreement
  • Notice of Proposed Adjustment for Underpayment/Overpayment

Do not panic over an IRS connection notice. Our office and our staff can give you IRS Help to sort this out, as well as all your IRS issues.

Originally posted 2007-12-01 04:07:56. Republished by Blog Post Promoter

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