IRS audit letter

IRS audit letterAn IRS audit letter will explain the reason for the contact and will give your instructions on how to handle the issue. 

If you agree with the information, there will be no need to contact the IRS. 

Why was i notified by the IRS? 

The IRS sends notices and letters for the following reasons:

 

* You have outstanding debts due.

* Your tax return is due.

* They have a question about your tax return.

* They need to verify your identity.

* They need more information.

* They changed your return.

* They have to inform you about the delay in filing your return. 

Next steps 

Read

Every IRS audit letter contains a lot of valuable information, so it is very important to read it very carefully. If they changed your tax return, compare the information they provide in the notice or letter with the information in your initial tax return.

 

Respond

If a notice or letter requires a response to a specific date, there are two main reasons you want to comply:

 

  1. To minimize the additional interest and penalties.
  2. To preserve your right to appeal if you disagree.

 

Pay

Pay as much as you can afford, even if you cannot pay the full amount you owe. You can pay online or ask for online payment agreement or an offer in compromise. Visit the IRS website for more information.

 

Keep a copy of your notice or letter

It is important to keep a copy of the notice or letter with your tax records. You may need these documents at a later date.

 

Contact

The IRS provide their contact phone number at the top right corner of the notice or letter. Usually, just contact them if you do not agree with the information, if they requested for additional information or if you have an outstanding debt. You can also write to the address stated in the notice or in the letter. If you do, allow at least 30 days for their response. 

Location letter or notice number

You can find the notices(CP) or letter number (LTR) on either the top or bottom right corner of the IRS audit letter. 

When the notice or letter looks suspicious

Visit the IRS “Report Phishing page” online, If you receive a notice or letter that looks suspicious and was designed to appear as if it came from the IRS. You can also call 1-800-829-1040. The IRS will never ask for your personal information via e-mail or social media.