Why are you receiving this letter?
You previously were sent Notice CP2000. The IRS proposed changes to your return. The proposed changes made resulted in an increase in tax owed to the IRS. The purpose of this letter is to inform you that additional taxes are owed.
Read the notice carefully. The Notice will tell you the changes made, the amount of taxes owed, and the amount of penalties charged.
What you should do about this notice?
If you agree with the changes, this is considered a tax bill. You now have a balance due and owe money to the IRS.
You have two options to challenge this change.
1) File documentation supporting your original tax return to IRS Audit Reconsideration.
2) File a petition to the U.S. Tax Court. You have 90 days from the date of the letter to timely file your petition. We highly recommend you contact a tax professional to assist you on filing a U.S. Tax Court petition.
Why should you hire a tax professional?
Filing a U.S. Tax Court petition is a complicated process. You should have a tax professional represent you. 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, you now owe money to the IRS.
Don’t ignore this notice! The IRS will not forget about you. If you do nothing, and 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.