Interpreting an IRS Notice or Letter
Receiving a IRS notice or letter can be a jolt for anyone. It is, quite simply, one of those things that you hope never happens to you. Your first response might be fear or dread, but once you have had a moment to get past the initial shock, you should make sure that you understand the IRS’s message so that you can make a plan for an appropriate response.
Here are some key tips for interpreting the message you receive from the IRS:
1. Read the correspondence carefully.
The IRS is required to state the exact reason for the correspondence as well as a deadline for your response. You can expect that they will also give you instructions about how to respond.
The best thing that you can do is to follow these directions carefully.
Sometimes a short response with necessary information will be all that is needed and no further correspondence will be needed. If you do not answer their question, you can expect to hear from them again.
2. If you have questions about the letter or notice, do not hesitate to seek help.
If you are unsure what the IRS is requesting from you, or are unsure how best to respond, then it is a good time to get some help and support from a tax expert.
A reputable tax professional can help you interpret an IRS notice or letter and develop a response.
Sometimes getting an impartial set of eyes to interpret correspondence from the IRS can ensure that you respond appropriately and thoroughly and can think ahead about any potential future issues that might come up.
3. Decide how you will respond.
Once you have a firm handle on what the IRS is asking for, you will need to craft your response back to them. You can do this on your own or with the help and support of a tax professional.
Be very direct in your response and answer the question posed by the IRS exactly. Provide supporting documentation as needed.
A tax professional with experience communicating with the IRS can help you compose a response that will answer their question and minimize additional ones.
4. Respond Quickly
When you receive written correspondence from the IRS, you want to respond quickly, absolutely by the deadline that is included on the notice. The worst thing you can do is toss the letter aside and decide you will handle it later. The IRS does not generally forget to follow up and often the stakes only get higher.
Success Tax Relief Can Help You Interpret All IRS Correspondence
If you happen to be the recipient of a letter or notice from the IRS, do not panic! In many of these instances, a simple response is all that it will take to close the matter.
You do want to make sure that you understand exactly what is being asked and work on a direct response that answers the questions and provides the supporting documents that are needed, nothing more, nothing less.
Success Tax Relief has years of experience communicating with the IRS on behalf of our clients. We can interpret your correspondence and draft a response that will put this behind you once and for all. Contact us at 877-825-1179.