There are several problems associated with IRS correction notices. The IRS has about 300 form letters that it sends out. These notices can be for anything from errors to not filing a tax return. The list of common IRS notices can be found below.
Read the IRS correction notice carefully when you get one in the mail. It will most likely require a reply by a deadline. Under no conditions should you ignore the notice. You might create more IRS problems if you do. Compare the information on the notice with a copy of your tax return if it's pertaining to an error on the return. It isn't advisable to settle the taxes demanded automatically. Mathematical mistakes are often made by the IRS.
If you do not agree with the notice, write a letter because additional taxes may only be cancelled by the IRS. Attach a copy of the notice and reply within 60 days from the date of the notice.
In some instances, missing information such as Taxpayer Identification Number or specific documentation is all the IRS notice is about, so mail it right away. Documentation must have copies. Keep originals for yourself.
If it's a simple matter of an amendment in your account without taxes owed, a response isn't needed.
Read the IRS correction notice and contact the person specified on the notice if you have questions. The majority of IRS correction notices are easily resolved.
IRS notices typically sent include:
- Math Error, Overpayment of $1 or more
- 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 - levy on Social Security benefits
- Reminder Notice, Balance Due
- Balance Due - urgent notice
- Notice of Default on Installment Agreement
- Notice of Proposed Adjustment for Underpayment/Overpayment
Don't panic over an IRS connection notice. Our firm and our staff can help you sort this out, and all your IRS problems.
Darrin T. Mish is a Nationally recognized Attorney whose practice focuses on representing clients across the United States with IRS Problems. He is AV rated by Martindale-Hubbel and is a member of the American Society of IRS Problem Solvers and the Tax Freedom Institute. He has been honored by a listing in Martindale-Hubbel's Bar Register of Preeminent Lawyers. His passion is providing IRS help to taxpayers with both individual and payroll tax problems. He teaches attorneys, CPAs and Enrolled Agents in the finer aspects of IRS representation all around the United States. He can be reached at his website at http://www.getIRShelp.com
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