After tax season ends, we all breathe a sigh of relief. We’re done with the annual tedious task of filing our taxes. For some people, though, the relief is short-lived, and ends when they receive a notice from the IRS. If you are one of the millions of people that receives a notice, step one is to KEEP CALM! Then, follow these steps:
- Don’t throw it away or otherwise ignore it. In most cases, you will be able to respond quickly and easily to the notice.
- A notice usually deals with a specific issue about your tax return or account. It may ask you for more information, or notify you of a corrected error.
- Read the notice carefully – it will have instructions about what you need to do.
- If the notice is regarding a correction the IRS made, review the information that was corrected.If you agree , you don’t need to reply unless a payment is due.If you do not agree , you must respond to the IRS. You should write a letter that explains why you don’t agree, and include any documents you want the IRS to consider. You will also need to include the bottom tear-off portion of the notice with your letter. Then, mail your letter to the IRS at the address on the bottom of your notice. It usually takes about 30 days for a response from the IRS.
- Most notices will not require calling or visiting the IRS. However, there is a phone number on the notice if you have questions. If you do call, be sure you have your tax return copy and notice with you.
- Make and keep a copy of any notices you receive from the IRS.
- Remember, the IRS will NEVER call or email you as a first contact. The IRS always contacts you first by mail. If you receive a phone call or email that you feel is a scam, contact the IRS immediately.
If you would like more information on this topic, visit IRS.gov. Did you enjoy this article? Visit our free insights to receive updates on all the latest tax news!
These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.