What To Do If You Receive IRS letters In The Mail?
Posted today in the IRS's Tax Tip1 information site, if taxpayers receive an IRS letter or notice, they should not ignore it. They should open and read the notice or letter to determine the reason for the contact. The IRS stated there is no need to call the IRS if the taxpayer agrees with the notice but to follow the instructions on what to do.
This instruction is simple enough, however, what if you have questions?
The IRS suggests calling only under the following conditions:
- If you don't agree with the information
- if the IRS requests additional information, or
- if you have a balance due.
If there are questions that the taxpayer needs answered, taxpayers can write to the agency at the address on the notice or letter.
How long will it take to receive a reply? Taxpayer replies are worked on a first-come, first-served basis and will be processed based the date the IRS receives it. IRS delays could add pressure to an already sensitive issue, as payers remain liable for the amount they don't pay with their return and all interest and penalties until the amount is paid in full. And, penalties for failure to pay with your return alone can be steep!
What can you do now? Continue reading this blog to learn more about what you can do right now if you received IRS letter and how to avoid unexpected letters from the IRS and the associated penalties in the future.
We Can Help You Right Now.
If you have received a balance due notice or and need help, contact us today for a preliminary plan of action that considers your tax situation and maximizes the relief that you qualify for. You can also, download our free eBook to learn more about how to setup an installment agreement, and how to avoid this problem and the associated penalties in the future.
Want a heads up if notices may be coming your way? We can do that for you, visit The Tax Monitor for more information.
Have you received an IRS notice? Read IRS Notices: What Are They & What Do They Mean? and find out what notices the IRS temporarily stopped mailing.
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Reference:
Tax Tip 2022-62: Taxpayers should open and carefully read any mail from the IRS
