Don’t ignore a letter or notice from the IRS

Don’t panic if you receive one of the millions of notices and letters the IRS sends to taxpayers every year. IRS letters or notices typically are about a specific issue on your federal tax return or tax account. Contact us if you have received a notice from the IRS and are unsure in any way of how to respond. Call me at (772)226-7511. We handle the time and trouble of responding to notices for many of our clients. Generally, the IRS sends a notice if:

• You owe additional tax;
• You are due a larger refund; or
• The IRS is requesting payment or needs additional information about your return.

Many of these letters and notices can be dealt with simply, without having to “visit” an IRS office. For example, you may get a notice that states the IRS made a change or correction to your tax return. If you do receive this notice, review the information and compare it with your original return. If you agree with the changes – usually a forgotten W2, you usually don’t need to reply unless it gives you other instructions or you need to make a payment. If you are on an Installment Agreement from the IRS and receive a notice resulting in a balance due – Contact us immediately. This simple balance due can be enough to default your installment agreement and put you right back into collections.

If you don’t agree with the notice, it’s important to respond. Contact us and we can draft a response to explain why you disagree and we can include any information and documents you want the IRS to consider. Be sure to keep copies of any correspondence with your tax records.

You have the right to be represented before the Internal Revenue Service. If you owe back taxes to the IRS and are receiving any letters from the IRS, give us a call to go over what options you may have.

Some notices from the IRS are more serious than others – Notice of intent to levy. These notices include

CP 90 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

CP 297 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

CP 523 – Notice of Intent to Levy – Defaulting on your Installment Agreement

Letter 1058 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

LT11 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

CP 91 – Final Notice Before Levy On Social Security Benefits

CP 298 – Final Notice Before Levy On Social Security Benefits

CP-90 (and CP 297) are used as notification of an unpaid balance that the IRS has previously requested payment for and that IRS intends to levy federal or state payments, such as Social Security benefits and State Tax Refunds that may be due.

CP-523 is sent to people who were paying via an installment agreement but defaulted. This notice explains the reason for the default, informs of the intent to levy, and suggests options for resolving the situation. CP-91 (and CP 298) are warnings that the IRS is going to take 15% of your social security benefits. Contact Us right away if you receive a CP -1 or a CP-298.

IRS Letter 1058 or LT-11 typically follows CP 504 – Final Notice Balance Due letter. This is the IRS last letter in a 90 sequence after filing a tax lien (Form 668). A 1058 or LT-11 often come certified. If you have received a certified letter from the IRS and are not sure what to do – Contact Us today. These letters are time specific. An IRS Letter 1058 or LT-11 is advance notice that the IRS is literally going to send out notices to any bank or employer that the IRS has record of you working for in the last couple years and they intend to “levy” – or take without any further notice – any money that that person is holding for you or that has you social security number attached to it. This includes your paycheck, account receivables, bank accounts – even your children’s bank accounts if your social security number is attached – and even potentially other assets such as state tax refunds, your IRA, or even your house. These notices are literally advance warning that the IRS is launching an aggressive collection campaign in your name. Winter is Coming. Call us right away – (844)208-7408 – so we can get between the IRS Automated Collection Service and you. We Handle the Time and Trouble that is Dealing with the IRS.