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Most mail from the IRS is thick. Whether you realize it or not, we are all conditioned to not freak out when such a letter comes. It is forms and we inherently know this. Ah, but what if you get a thin letter. This one is different and different means bad news. An IRS notice. It sounds fairly bland, but this is the stuff of heart attacks. Why? The innocuous sounding IRS notice is issued for one purpose. It is notifying you the agency thinks there is something dubious about your taxes. You might want to put 911 on speed dial. While panic may be the first thing on you mind, once in a blue moon the message in the thin envelope can be good news. Once in a blue moon, the agency will let you know that too much was paid in. Once in a very rare blue moon. Audit. It is a word that can make a grown man or women weep like a small child. Well, most of these letters are notices of audits. Sorry. Ah, but the audit will rarely be the type of horrific experience you have heard of from someone who knew someone. The IRS is understaffed. As a result, it does not have the ability to do a massive number of audits. Instead, it does many of them by mail, known as correspondence audits. This means you get to skip a meeting with an agent and try to resolve things through the post. With a correspondence audit, the nature of the dispute will be identified in the letter. The agency will often indicate it doesn’t buy one of your deductions. It will also suggest a revised amount due on your taxes. In short, the problem and solution is provided. You can respond to the correspondence audit in a couple of ways. First, read it to see the options offered. Typically, you can accept the proposed changes by doing nothing. If don’t agree with them, you can respond in writing as to why. If you agree with the proposed changes, the correspondence audit is resolved and you are done with it. If you disagree, you may turn a molehill into a mountain. It may be wise to hire a tax attorney to help you with the coming brawl. The IRS issues millions of notices to taxpayers each year. A huge percentage are resolved without blowing up into a bigger audit. If yours does, make sure to get professional help. Tax attorneys offer the best prospect of getting the IRS to back off. Article Source: http://www.articlewheel.com
Find tax lawyers to fight the IRS at BusinessTaxRecovery.com.
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