There are a variety of reasons you may receive mail from the IRS including:
- Having a balance due
- Are due for a larger or smaller refund
- The agency has some questions about your return
- Your identity needs to be verified
- The agency needs additional information
- The agency has made changes on your tax return
As a taxpayer, any notices or letters received from the IRS should not be ignored; mail from the IRS is not any cause for panic but should be opened and carefully read completely. The notice or letter will explain the reason for the contact with instructions on what to do.
Most of the time doing the appropriate action is all that needs to be done. It is important to keep a copy of all notices or letters with your other tax records in case these documents are needed later.
If the notice or letter:
-States that a change was made in your tax return, you should compare your original return to the information that is provided in the notice or letter. There is no need to contact the IRS if you agree with the notice.
-Requires a response by a specific date you should respond in a timely manner. This will prevent any delays in processing your tax return, can minimize any applicable additional interest and penalty charges and preserve your appeal rights if you do not agree with the notice or letter.
-Has an amount due, you should pay as much as you can, even if it you cannot pay the full amount right away. The IRS offers several payment options such as different online payments choices or apply online for a payment agreement which includes installment agreements or an offer in compromise.
As a reminder from the IRS, there is usually no need to call unless:
- You don’t agree with the information
- You don’t understand the notice
- You have a balance due and can’t pay it
In this case you should use the number that will be located on the upper right-hand corner of the notice. The notice or letter and a copy of your tax return should be present when calling. You also have the option of writing to the agency using the address on the notice or letter. Replies to taxpayer’s letters are worked on a first come, first served basis, and are processed based on the date the IRS receives it.
If you receive mail from the IRS and don’t know what to do, contact your Henry+Horne advisor.