Why are you receiving this letter?
You filed a tax return that was more than 3 years overdue. The return showed a refund. Generally, the law allows the IRS to not pay refunds on tax returns filed more than 3 years overdue.
What you should do about this notice?
Read your notice carefully. The Notice explains the tax form and tax period this issue pertains to. If this tax year is more than 3 years overdue, generally there is nothing you can do to receive your refund.
There is one exception. You paid toward the taxes within the last two years. If this is the case, you may be eligible for a portion of the refund and the IRS made a mistake by not issuing you that portion. We recommend contacting a tax professional for help with getting your refund under this exception.
What can you expect to happen next?
For old refunds, the refund amount will simply disappear. It will not be applied toward any back taxes or be paid to you.
If you contacted the IRS to claim a portion of the refund under the two year exception, the IRS may take 60 to 120 days to investigate the case further.
Don’t face your tax problems alone, negotiating with the IRS can be a time consuming and difficult process. Without proper knowledge of the laws and procedures, you may not achieve the results you want.
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.
Call Alana Tax group, and we can immediately protect you from the IRS and take over all communication.