Why are you receiving this letter?
The income and/or payment information the IRS has on file doesn’t match the information you reported on your tax return. This could affect your tax return; it may cause an increase or decrease in your tax, or may not change it at all.
What you should do about this notice?
Read your notice carefully. The Notice will explain the tax year is in question and the reporting differences between your tax return and the information reported to the IRS. Review your records carefully to see if your tax return is correct or if the IRS is correct.
If you Agree, sign the letter as agreed. The IRS will then process the letter and send you a tax bill.
If you disagree, consider contacting a professional to discuss your options and figure out the best solution to resolve this matter
Why should you hire a tax professional?
Without the proper knowledge of the laws and procedures, you may lose affordable IRS compromises, payment plans, and lesser tax penalties.
Hiring a professional tax resolution firm will give you peace of mind and allow you to sleep soundly, knowing that you are not taking unnecessary risks with your personal and financial freedom.
What can you expect to happen next?
If you agree with the changes and sign the Notice, the IRS will send you a bill.
If you called the IRS and provided information that supports your decision, the IRS will take about 30 to 90 days to review the documentation provided. The IRS will then provide you with correspondence detailing their decision.
If you still disagree or don’t respond to the Notice, the IRS will send a Notice of Deficiency.
You do have rights to further contest the Notice in U.S. Tax Court.
The IRS will ask you to pay balances owed in full.
If a tax bill is left unpaid, the IRS may move forward with 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.
