For most taxpayers, receiving correspondence from the IRS is stressful. As instances of fraud and phone scams are at an all time high, it is important to know is how the IRS will contact you. The IRS will not call you without first sending correspondence. The IRS will also not demand payment without giving you the opportunity to question, respond or appeal the bill. Millions of IRS scam cases are reported each year, it is important verify the legitimacy of the letter you receive. You can call the taxpayer helpline at 1-800-829-1040 or provide a copy of the notice to a tax professional.
Although notices from the IRS can be intimidating, it is important that you do not ignore them. Notices can be about several things, from changes to a tax return, taxes due, missing information or an audit/examination request. The IRS provides a timeline for you to respond; it is important that you do to avoid incurring any unnecessary interest and penalties.
Speaking to a tax professional regarding your IRS Notice may be the best way to reduce the stress and uncertainty surrounding your tax issues. Contact your KS-LLP professional to learn more about dealing with your IRS Tax Notice; we can provide you with ideas on how to respond to the notice.