If you receive a notice from the IRS, it’s important to take action right away says Aron Govil.
Here are 13 steps you can take to protect yourself and resolve the issue.
1. Don’t ignore the notice:
If you receive a notice from the IRS, don’t ignore it. It’s important to take action right away to protect yourself and resolve the issue.
2. Gather information:
Take some time to gather information about the notice before taking any action. This will help you understand what’s happening and how to best address the situation.
3. Determine if the notice is legitimate:
Not all notices from the IRS are legitimate, so it’s important to determine if the notice you received is actually from the IRS. The easiest way to do this is by checking the mailing address on the envelope. If it doesn’t match the address on the IRS website, it’s likely not legit.
4. Contact the IRS:
If you’re not sure whether the notice is legitimate, or if you have any other questions, contact the IRS. You can do this by phone, mail, or online. Be sure to have the notice handy when you call, as it will help the IRS troubleshoot the issue.
5. Respond to the notice:
Once you’ve determined that the notice is legitimate, it’s important to respond in a timely manner. This usually means within 30 days of receiving the notice. Be sure to follow the instructions included in the notice.
6. Pay any taxes owed:
If you owe taxes, be sure to pay them as soon as possible. You can either pay online or by mail says Aron Govil. If you don’t pay the taxes owed, you may be subject to penalties and interest.
7. Request and extension if you can’t pay:
If you can’t pay the full amount of taxes you owe, you can request a payment plan or an extension. This will give you more time to pay off your taxes.
8. File an amended return if you think you were wrongfully assessed:
If you think you have wrongfully assessed taxes, you can file an amended return. This will help prove your case and could reduce or eliminate any penalties and interest charges.
9. Dispute the notice if you think it’s incorrect:
If you think the notice is incorrect, you can dispute it with the IRS. This process can be complex, so it’s best to get help from a tax professional.
10. Request a copy of your tax records:
If you want to review your tax records or need them for any legal proceedings, you can request a copy of them from the IRS.
11. Set up a payment plan:
If you can’t pay the full amount of taxes you owe, you can set up a payment plan with the IRS. This will allow you to pay off your taxes in installments.
12. Get help from a tax professional:
If you’re having trouble dealing with the IRS or you just don’t understand something in the notice, get help from a tax professional. They can guide you through the process and help you resolve the issue explains Aron Govil.
13. Contact the Taxpayer Advocate Service:
If you’re having trouble resolving the issue with the IRS, you can contact the Taxpayer Advocate Service. They will help you resolve the issue and work with the IRS on your behalf.
The bottom line is that if you receive a notice from the IRS, it’s important to take action right away. By following these 13 steps, you can protect yourself and resolve the issue.
Conclusion:
The bottom line is that if you receive a notice from the IRS, it’s important to take action right away. By following these 13 steps, you can protect yourself and resolve the issue. If you’re having trouble dealing with the IRS or you just don’t understand something in the notice, get help from a tax professional. They can guide you through the process and help you resolve the issue. You can also contact the Taxpayer Advocate Service if you’re having trouble resolving the issue with the IRS. They will help you resolve the issue and work with the IRS on your behalf. So don’t ignore that notice from the IRS – take action right away!