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What to do if you get a letter from the IRS?

Tax Planning
If you have recently received a letter from the IRS, you might be worried about what it contains. There is a good chance that you didn’t open it. However, The IRS doesn’t always send you a letter for a negative reason. There can be plenty of reasons for the letter. The first thought that goes through your mind after receiving the letter is that you might have made a mistake while filing your returns. You start to worry about whether you owe money to the IRS and how you will pay it back. Nevertheless, staying calm and going through the letter to understand its purpose is vital. You can receive the letter for many reasons; some might be concerning, others are not. It is essential to handle it with proper attention and decide the next course of action. First, you need to know why the IRS sent you a letter. Let’s go over the possible reasons for getting a letter from the IRS.

Reasons Why the IRS Will Send You a Letter

Once you get a letter from the IRS, you need to contact them as soon as possible. The agency might take some time to get back to you, so you don’t have to worry or panic. You’ll get a response from them after a while, but before that, you need to determine the reason for the letter. Let’s go over common reasons why the IRS will send you a letter.

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You Owe the IRS

Owing money to the IRS is the most probable reason they will send you a letter. You might have balance due with the IRS for various reasons, such as:

  • You claimed a deduction that you shouldn’t have
  • Made a mistake when filing your returns
  • You owed the IRS money and didn’t pay it

These are some reasons why you might get a letter from the IRS. Nonetheless, you should start working on the appeal process to resolve the issues.

You can apply for their payment plans if you don’t have the funds to pay the IRS. But, this does not mean you ignore the letter and start working on other things. You should acknowledge the letter and tell them you are working on the solution.

You Paid More Then You Owe

If you are lucky, the IRS might be sending you a letter to tell you about the extra amount you have paid for any possible reason. You’ll receive a check for the extra amount you paid to the IRS and the letter. However, you need to be aware of the possible scams that happen.

Remember that the IRS will communicate with you through an official letter. So, if you receive an email or a call from someone claiming to be from the IRS, tell them to send a letter. You don’t have to confirm or deny anything on the call.

Questions about Your Returns

Sometimes the IRS might raise questions on your returns, and will likely ask you to clarify any particular thing on your supporting forms or 1040. It is vital to review your returns again to ensure you respond to the IRS.

And if you need any help with the letter or your returns, we can help. We will go over the nitty-gritty of your returns and help you resolve the issue with the IRS.

Request for Extra Information

There is no need to panic if the IRS asks you to give specific information about your returns. You might have missed something on your form or schedule but entered it in your 1040. There is also a chance you could have missed a critical section or field on your form or schedule.

Whatever the reason is, you should deal with a cool head instead of panicking. You can solve such minor issues quickly with the help of some professional assistance. Make sure to respond to the IRS’s letter, so they know you have received the letter.

Verifying Your Identity

You might also receive from the IRS for identity verification. This letter does not imply that you have been a victim of identity theft since there can be other possible reasons for the IRS to verify your identity. However, there is a slight possibility that an unauthorized person has used your identity.

Regardless of the situation, there is no need to panic since it will not resolve the problem. Instead, you should follow the prescribed guideline and take all the necessary measures mentioned in the IRS guide. If you don’t understand what steps you need to take, you should seek professional help from us.

We can understand your case and help you with your problems. You’ll have complete assistance in sorting out the things with the IRS.

Other Minor Reasons

There can be other minor reasons why you received a letter from the IRS. But this does not mean that they are not worth your attention. You should immediately deal with them and resolve them as soon as possible. The likely minor reasons can be:

  • The IRS changed your return
  • The IRS might inform you about the delay in processing your return

If you receive a letter for any such a reason, you should quickly respond to it and take the appropriate steps. Doing so will save you from hefty fines or penalties that you might owe. Dealing with the IRS might not be possible for everyone since they might hesitate when asking a representative to clarify why they received the letter. If you are facing any of these issues, let us know, and we will be more than happy to help.

Get Professional Assistance for Dealing with the IRS

If you are unsure of how to deal with a letter from the IRS, then don’t worry because we are here to help. Our firm will guide you through every step to sort out this issue as soon as possible. Most importantly, it is vital to spot any scammers trying to scam you.

Don’t become a victim of the scam calls or emails that someone claiming to be from the IRS sends you. The agency will only contact you through a letter. If you receive any such letter, then stay calm and respond to the letter promptly.

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