Have you received a notice from the IRS? What do you do with it? Don't panic. The IRS is working hard to make their agency "taxpayer friendly" (my term, not theirs), and they have re-designed many of their notices to taxpayers, including business taxpayers, to make them easier to read and respond to.
Why Would The IRS Send Me a Notice?
The IRS sends notices to taxpayers for one of several reasons. In most cases, notices are sent:
- If the IRS thinks you owe additional tax
- If you may be due a larger refund
- If they have a question about your tax return, or
- If they need additional information to process your return.
What Should I Look for? What Should I Do?
The notice will explain why it has been sent and it will also include information on what you should do (make an additional payment, expect a refund, do nothing, etc.). Each notice also spells out what you should do if you disagree with the calculation or the conclusion of the IRS.
The most important part of your notice may be the information in the top right-hand corner. This section tells you what the notice is about and who to contact for more information.
What If I Need More Information?
- Don't hesitate to call the IRS at the number in the top right to talk to an agent who has been assigned to your case. Be sure you have your letter and the case number available when you call.
- You can also look up your notice number from the list on the IRS web page "Understanding Your IRS Notice or Letter" to find out more about why the IRS has sent you the notice and what they are looking for.
For More Information
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