Receiving a notice from the IRS is a frightening experience! When you believe you do not owe any money, it is causes a high level of stress. Under such circumstance it's best to approach the situation with a calm mindset as you try to understand why you received the notice. Here are some recommended steps to take:
- DO NOT IGNORE THE NOTICE!
- Contact your tax professional to help you understand the notice.
- A tax professional will explain why you received the notice
- You will need to verify the information such as reported income and any errors in calculations.
- Draft an appropriate response
While receiving an IRS notice can be scary, approaching it with a clear plan and professional assistance can help resolve the issue efficiently. It is best to keep in mind that the IRS is open to communication, and many issues can be resolved through proper channels.
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