Tax Resolution Experts Explain How You Can Deal With a Notice From the IRS

1. August 15, 2017 Tax Resolution Experts Explain How You Can Deal With a Notice From the IRS Each year, millions of taxpayers receive letters or notices from the IRS due to various reasons. Receiving a notice from the IRS might be one of the worst fears among taxpayers, and would undoubtedly be a reason to panic. Page | 1

2. Should you receive a notice from the IRS, remember to keep a cool head and read it carefully. Making the appropriate response will be the key in resolving and mitigating other issues that might ensue. With this in mind, let tax resolution experts share the best ways to deal with these notices. Know The Reason Perhaps you have a balance due, or the IRS needs additional information on your tax return. It’s also possible that there have been delays in processing your return, or that your return has been changed entirely. You’ll find this information outlined clearly in the letter, so it’s important to read it carefully before doing anything else. There are actually different types of notices issued by the IRS, each requiring an appropriate response. A notice for late filing, for instance, will cite the tax year in question and request immediate filing or risk the IRS filing a return on your behalf. A notice for overdue payments, on the other hand, are sent to taxpayers who failed to come up with the full payment of their balance due. These letters will come with a proposed tax assessment that indicate their findings, which you should review carefully. Respond ASAP It’s never a good idea to disregard a letter from the IRS and simply let your tax problems be forgotten. Responding to the letter on or before the specified date will minimize the risk of gaining additional interest or penalty charges, while also preserving your appeal rights should you find a compelling reason to disagree with the findings from the IRS. The process of responding to an IRS notice is pretty straightforward, particularly if you agree with the findings on the letter. Simply follow the instructions outlined on the notice on how you Page | 2

3. can send your payment. Otherwise, you must submit a written explanation detailing your reason disagreement with the notice. Gather Important Documents Of course, it’s not enough to express disagreement with the notice. You’ll also need to show compelling proof on why you believe the findings are incorrect. This might include your tax return or any previous letters or notices from the IRS. After all, it’s entirely possible for the IRS to make mistakes at times. If the notice simply asks you to provide more information, including verification of a dependent’s residence or proof of marital status, make sure to collect any relevant documents and send a copy, along with a signed copy of the notice, to the address indicated. Should you find a compelling reason to question an IRS notice, make sure to seek professional advice from a tax resolution expert first. With their help, you can ensure that you’re dealing with these issues correctly and accordingly. About Nexus Tax Advisors, LLC: As the leading team of highly experienced tax advisors, we make sure that our clients will achieve the best possible outcome, no matter what tax issues they may be facing. Our hands-on approach and our track record of success make us the clear choice when it comes to tax resolution. Sources: What To Do When You Get an IRS Notice, HuffingtonPost.com What To Do If You Get a Notice From the IRS, IRS.com Page | 3