What to do if you receive a letter from IRS

Some taxpayers will receive a letter from the IRS this summer. If you receive a letter, do not panic and remember that you have fundamental rights when interacting with the agency.

These rights are in the Taxpayer Bill of Rights. Among other things, these rights dictate that letters from the IRS must include:

·       Details about what the taxpayer owes, such as tax, interest and penalties.

·       An explanation about why the taxpayer owes the taxes.

·       Specific reasons about why the IRS may have denied a refund claim.

If you receive a letter from the IRS remember to:

·       Read the entire letter carefully to know about any specific issue or instruction

·       Compare it with the tax return if the letter indicates any change or correction in the tax return. 

·       Respond to a letter you do not agree in writing explaining the disagreement, send the letter to address listed at the bottom of IRS letter, including information and documents for consideration and allow 30 days to receive response.

·       Reply timely if necessary if there is a specific response date, even if you agree, to minimize additional interest and penalty charges and preserve appeal rights if you do disagree.

·       Pay. Taxpayers should pay as much as they can, even if they can’t pay the full amount they owe. They can pay online or apply for an Online Payment Agreement or Offer in Compromise.

·       Contact the IRS if necessary by calling the phone number in the upper right-hand corner of the letter. Make sure you have a copy of the tax return and letter when calling.

·       Keep copies of any IRS letter or notices with your tax records.

If you do receive a letter from the IRS, we can help you! 

Adriana Cuevas