Each year, the IRS sends millions of notices, but not all are cause for concern. If you need help understanding yours, give us a call!
The IRS notice explains why they are contacting you and provides instructions for addressing the issue. Often, it may relate to changes made to your return, requests for additional information, or a payment notice. Look up your notice number online for more details; it's usually in the upper-right corner of the letter.
If you suspect the letter is fraudulent, call 800-829-1040 or visit the IRS Report Phishing page for guidance.
Although there are over 75 types of IRS notices, three are the most commonly received.
You may receive these notices if you have a past-due balance or your account is about to move into collection. This could lead to tax liens or levies.
These notices occur when the IRS finds discrepancies in your reported income, credits, or deductions. You may need to review past returns, and a 20% accuracy penalty could apply.
The IRS may withhold all or part of your expected refund to cover unpaid federal or state debts, including taxes, child support, or delinquent student loans.
If you receive an IRS notice, don’t panic. Read the letter carefully and follow the instructions. Most issues can be handled independently, but professional help is available if needed.
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