Has the IRS Challenged Your Return? Here’s What You Can Do
If you have received a letter or notice from the IRS challenging an aspect of your annual tax return, you may immediately think that it’s audit time. Fortunately, you may be relieved to learn that most often, even when your tax return is being challenged, you are not likely going to have to undergo a full audit. Here are some basic steps to take to manage this sometimes stressful process:
1. Stay Calm: While opening the letter from the IRS is bound to cause you some stress, take a deep breath and relax. In all likelihood, the issue with the IRS can be resolved entirely in writing and will not require an audit or any sort of in-person meeting.
2. Read Carefully: After you have had a chance to take a deep breath, you should spend time reading the notice or letter you received from the IRS very carefully. It will explain the reason for the correspondence and give you detailed instructions on how to respond. It will also very likely give you a due date for your response.
3. Formulate Your Response: Once you have had a chance to digest the message from the IRS, you should review the tax return in question and determine if you agree with the IRS’ finding, or if you think that they may be missing some information (or have made an error). This is a critical part of the process. Spend some time analyzing the challenge and formulate your response to it. Try not to get angry or upset – just try to look at the situation from an unbiased point of view and determine the best possible response.
4. Gather Any Supporting Documentation: If you do not agree with the IRS’ finding, then it will be a good idea to pull together any documentation that might support your position. This could be information that was not included with your original return or that came after you submitted your return. Be sure to explain in your written response how this documentation supports your position or discounts the IRS’ challenge.
5. Get Help If You Need It: Depending on the nature of the challenge to your return, you may feel most confident getting help from a reputable tax firm with experience working directly with the IRS. A tax professional has seen many pieces of correspondence from the IRS and can often give you the best possible chance of a positive resolution. The tax professional can review your return and the letter from the IRS and can give you an honest opinion about whether you should dispute the challenge or let it go.
Contact Success Tax Relief: Years of Experience working with the IRS
If you decide that you need some help navigating appropriate steps once you receive a notice of letter from the IRS, give Success Tax Relief a call. Our firm has over 30 years of experience and success working directly with the IRS on behalf of our clients. We can help take the stress away from the process and let you focus on your own life. Contact us today and we’ll get started working for you right away!