IRS Notice: I received a notice from the IRS. What do I do next?
- Kennesha N Snead
- Jan 12, 2024
- 2 min read
Receiving a notice from the IRS can be a daunting stressful moment, especially if it was unexpected and you are unsure of the reason for the notice. Below is some information from IRS.gov about why you may have received a notice, and what steps you might need to take next. Every situation is different, and so Investment Portfolio Innovators (IMPRINT) is available to help you through the process. Contact us for assistance or further information:
Call: 336-316-8679
Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue.
If you agree with the information, there is no need to contact us.
Why was I notified by the IRS?
The IRS sends notices and letters for the following reasons:
You have a balance due.
You are due a larger or smaller refund.
IRS has a question about your tax return.
IRS needs to verify your identity.
IRS needs additional information.
IRS changed your return.
IRS needs to notify you of delays in processing your return.
Next steps
Read
Each notice or letter contains a lot of valuable information, so it’s very important that you read it carefully. If we changed your tax return, compare the information we provided in the notice or letter with the information in your original return.
Respond
If your notice or letter requires a response by a specific date, there are two main reasons you’ll want to comply:
to minimize additional interest and penalty charges.
to preserve your appeal rights if you don’t agree.
Pay
Pay as much as you can, even if you can’t pay the full amount you owe. You can pay online or apply for an Online Payment Agreement or Offer in Compromise. Visit our payments page for more information.
Keep a copy of your notice or letter
It’s important to keep a copy of all notices or letters with your tax records. You may need these documents later.
Comments