There's the version of tax resolution the late-night commercials sell you. Then there's how it actually works. I'm Darrin Mish, a Tampa tax attorney. I've spent 32 years on the inside of these cases. Here's the real version.
Anything from errors to not filing a tax return merits one of the over 300 kinds of IRS notices. IRS correction notices are common and typically come with a cache of IRS problems.
If you receive an IRS correction notice, read it carefully, don’t dismiss it so you won’t create more IRS problems for yourself, and reply by the deadline. The IRS make mistakes too, so compare the information on the notice with your tax return and do not automatically settle the additional taxes demanded.
Additional taxes may be abated by the IRS, so if you don’t agree with the notice, write a letter. Include a copy of the notice and respond in 60 days from the date of the notice.
Sometimes missing information such as Taxpayer Identification Number or specific documentation is all the IRS notice is about, so send it immediately. Documents should have copies. Don’t send the originals to the IRS.
If the IRS is informing you of an amendment in your account and there is no payment due, you don’t have to respond.
Read the IRS correction notice and contact the person listed on the notice if you have questions. Some IRS correction notices are easily resolved.
IRS notices typically sent include:
- Balance Due – no math error
- Math Error, Overpayment of $1 or more
- Balance Due – reminder notice
- Balance Due – urgent notice
- Overpaid tax applied to other taxes you owe
- Notice of Proposed Adjustment for Under/Overpayment
- Notice of Default on Installment Agreement
- Final Notice – levy on Social Security benefits
- Final Notice – Notice of Intent to Levy and Notice of your right to a hearing
Don’t let the receipt of an IRS correction notice distress you or make you panic. We can help you solve your IRS issues. Call us. You’ll be assisted by professionals.