Help! I received a letter from the IRS – What do I need to do?

On: June 5, 2023

If you just checked your mailbox only to find an envelope stamped with the IRS logo, your heart may start to pound. What could they want? Are you in trouble? Is something happening?

First, try not to panic. We know, easier said than done. The FIRST thing you should do is read the letter and then reach out to a tax professional to help you. The biggest mistake you can make is ignoring the letter. 

Why am I receiving this letter from the IRS?

The IRS can send you a letter for a number of reasons, but there are three main reasons why a letter would be sent to you. 

You Are Missing a Tax Return 

If you have not filed all of your tax returns, you will receive a letter from the IRS notifying you of this. There are many different types of these letters but they will alert you to the issue at hand (not filing the return and what year is missing) and provide you with a timeframe to file it. 

It is imperative that you act quickly as the IRS will not simply forget that you need to file the return. We understand that it can be daunting to have to find all your documentation and file the returns, especially if you are worried about not being able to pay the tax bill associated with the return. 

Our team of experienced and retired IRS tax auditors is here to help you. They will assist in making sure you understand what options you have available and assist you in filing the return to avoid further penalties and fines. 

You Have Been Selected for an Audit 

IRS tax audit. Three words that you do not want to hear strung together. It does happen though and if you were chosen for an audit, you will receive a letter in the mail. 

There are two main types of audits that can occur with the one most familiar being where an IRS agent reviews your case. This can be a scary and confusing situation. It is vital that you find the best tax audit representation in California to present you in front of the IRS. 

The key with a tax audit is to move quickly to address the issue as ignoring it and hoping it will go away will only make things worse. An experienced IRS tax professional can review your options with you and help you address the issue at hand. 

You Owe Money 

The IRS wants their money, and you can bet that they will send you a letter if you owe them something. Receiving one of these letters may cause you to panic, especially if you cannot pay the amount required by the due date, but there is hope. Turning to a team of tax professionals can help you avoid bigger penalties. 

Leading Tax Group Can Help You Understand Your IRS Letter 

When you receive a letter from the IRS, you do not want to simply set it to the side and ignore it. The IRS is sending you a letter because they have a reason. We know that it can be hard to understand what the letter means or you may be confused about what steps to take next. 

At Leading Tax Group, our IRS tax experts are here for you. They will assist you in understanding the letter, what it means, and walk you through what is required to resolve the issue with the IRS. Our team is made up of a former IRS tax attorney, retired IRS auditors, and an experienced tax accountant. 

We are not scared of the IRS and you do not have to be either. Let us provide you with the best representation today. Call Leading Tax Group now for a consultation.