Why are you receiving this notice?
The IRS made changes to your return because they believe there’s a miscalculation. Therefore, the IRS then made the correction to the tax return. You owe money on your taxes as a result of these changes.
What should you do about this notice?
First, find a copy of the tax return and review the portion where the IRS stated an error was made. Check the calculation on your return to see if there was actually a mistake made.
IF YOU AGREE with the IRS’s assessment, then you have a tax balance due, and owe money to the IRS.
IF YOU DISAGREE with the IRS’s assessment, contact our office to discuss your options and figure out the best solution to resolve this matter.
What can you expect to happen next?
Don’t ignore this notice. The IRS won’t forget about you, they will only increase the pressure to collect.
This letter is basically a tax bill, and you now owe the IRS money. If the tax bill is left unpaid, the IRS can completely disrupt your personal and financial life and will use extremely intrusive measures to collect taxes owed, such as filing Federal Tax Liens and/or Tax Levies on your wages, bank accounts, state & federal tax refunds, etc.
What if you can’t pay the balance you owe?
If you can’t pay the balance, don’t worry- EVERY case has a solution. The IRS offers a number of solutions such as Installment Agreements and CNC Status to help resolve your tax issues. Some of these programs, such as Offer in Compromise and penalty abatement, have the potential to decrease the taxes owed.
Don’t face your tax problems alone, tax Resolutions cases, can be extremely complex, and a licensed tax professional, can help you find the most appropriate solution to your tax problem.
Call Alana Tax group, and we will immediately protect you from the IRS and take over all communication.