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Letters in the Mail

What to do when you receive a letter from the Internal Revenue Service?

You have gone to your mailbox. There are bills and junk mail, but it is worse than you thought. A letter has arrived addressed to you from the Internal Revenue Service, Department of the Treasury (IRS). Suddenly your mind starts asking questions. What? When? How?

Don't panic.

Here's what to do.

First, open the envelope and see what their concern is.

Next, don't assume that the IRS notice is correct.

In our experience, our clients either do not owe or can get abated more than half of the tax assessments or penalties that the IRS claims are due. There is no need to pay taxes and penalties that you do not owe.

Then Contact us.

For a variety of reasons, we can assist you in receiving a favorable decision from the IRS. Experience with IRS procedures, a professional relationship with the IRS, and knowledge of the tax code gives us an advantage over the average taxpayer that contacts the IRS. You may save more than the fee associated with assisting you.

Last and most importantly, respond to all correspondence from the IRS in a timely fashion.

The biggest mistake a taxpayer can make is to not answer a letter from the IRS. Not responding makes the IRS think that they are right. Also, your file goes to the next department, usually a collection department, who might not be as understanding or as helpful, especially since they do not think that you have been cooperative. A letter requesting additional information or explanation can be your first response, but it does not solve your problem. The ball is still is your court. Continue to communicate until the issue is resolved. Unfortunately, it may take some time, so be persistent.

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SETFS, LLC
Katherine Nixon
CPA, CPC, PMP

Office: (281) 370-6622

   Cell: (936) 870-8256

Katherine Nixon is a licensed CPA and financial advisor. Securities offered through J.W. Cole Financial, Inc.

Member FINRA/SIPC www.finra.org and www.sipc.org Advisory services offered through J.W. Cole Advisors, Inc.
J.W. Cole Financial, Inc., J.W. Cole Advisors, Inc., and SETFS, LLC are unaffiliated entities. Advisors must be properly registered in the state where you live in order to conduct securities related business with you. A response to your request for information might be delayed in order to assure our compliance with this regulation. No information provided on this site is intended as a solicitation to buy or sell any security. The investments and services mentioned may not be available in every state. No security will be offered or sold to any person, in any state in which such offer, solicitation, purchase, or sale would be unlawful under securities laws of such jurisdictions.

 

Katherine Nixon is a licensed CPA, not a CPA firm, yet does tax return preparation.

Office : 281-370-6622

Cell: 936-870-8256

​© 2017 by Katherine Nixon. All Rights Reserved