Often when the IRS sends a first letter with a proposed adjustment or amount due, the IRS may need more information to correct their records. If this letter is ignored, subsequent letters may arrive from the IRS collections department. If a taxpayer waits until the collection letter arrives to try to resolve the issue, the taxpayer’s options may be limited, and the time to request that the IRS correctly updates its records may have passed. If you receive a notice from the IRS it is always better to act promptly to resolve any discrepancies.
If you need assistance resolving any tax issues, please contact Perry Barnett, CPA at (770) 287-7800 or email at firstname.lastname@example.org. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!