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Is an IRS Notice Your Worst Nightmare?

In Accounting & Finances,Business,Taxes on May 11, 2012 by Sufen Wang Tagged: , , , , , , ,

It Shouldn’t Be…

You head out to your mailbox expecting to find this week’s issue of Forbes. Instead, you open the mailbox and see a notice from the IRS sitting on top. Don’t assume it’s going to be a hassle – most of these letters can be handled without having to call or visit an IRS office.The notice might order you to pay up, but often it will simply notify you of account changes. Whatever the problem, the letter will provide specific instructions about what you need to do.

Please read carefully. If you received a correction notice, compare it with the information on your tax return. If everything looks A-okay, there’s no need to reply – unless the notice tells you otherwise. If the correction looks incorrect, you’ll need to let the IRS know with a written explanation.

Just because you don’t need to contact the IRS, doesn’t mean you can’t. If you have a question, just call the telephone number in the upper right corner of the notice. Have your tax return handy when you call.

See, you’ll be relaxing and reading your magazine in no time – until the next IRS notice arrives in the mail.

On the Money,

Sufen Wang

Wang Solutions