Written By: Michael Carr, CPA
1. Don’t ignore it.Some tax notices may include a “reply by” date which can lead to additional penalties and interest if not addressed by that date.
2. Be aware of phishing scams.
If a tax notice/letter looks suspicious, you can contact the IRS at 1-800-829-1040 (Individuals) or 1-800-829-4933 (Businesses) to determine if its legitimate. The IRS will never contact a taxpayer by email, text message or social media about their taxes. For more information about phishing scams, visit https://www.irs.gov/privacy-disclosure/report-phishing.
3. Keep copies.
It is important to keep a copy of all tax notices and letters you receive in case you need to refer back to them at a later date. We recommend keeping all notices/letters for at least seven years.
4. Read it carefully.
There are many reasons why a tax authority may send you a tax notice or letter from them simply requesting your updated contact information to a notice that you are being audited. It is important to review the letter to know what action needs to be taken.
5. Call your tax professional.
Tax notices can be confusing to read because they are written with tax jargon. At Trout, Ebersole & Groff, LLP, our Tax Resolution Specialists work with clients to resolve these letters quickly with a focus on making sure the taxpayer is only paying taxing authorities what they need to.
Did you receive a tax notice? Click the button below to start a conversation with one of our Tax Resolution Specialists.