How To Answer IRS LettersPosted by Tony Burton on October 19th, 2016 You may feel butterflies in your stomach even before you open an IRS notice. The amount of fear and anxiety an IRS letter come with.
However, there is no need to get petrified when you receive an IRS letter because not every correspondence from IRS is a bad news to be worried about. You just need to first read it carefully before your approach to your accountant or tax lawyer with the IRS letter.
There are several reasons due to which IRS sends notice to individuals and organizations; like requesting payment of taxes or notifying the changes in ones account details. There is absolutely no need to get panic.
You just have to follow the instructions before drafting a reply and there shouldn’t be any problem. You even do not have to reply if there are not any dues of tax payment. In case you disagree with the information changes notified by IRS department in the letter, then only you need to write to them to make the required correction or changes.
Here is how you need to answer IRS letters in case a situation arises.
And the best way around to avoid an IRS notice would be to keep your books clean, pay your taxes on time and live an honest life. Period. Like it? Share it!More by this author |