Here are a few things to keep in mind if you got “the letter”:
- Don’t Panic – you may just have a minor adjustment to your return. Better yet, they may owe you money.
- The letter will have specific details telling you what you need to do to respond.
- If it’s a correction notice, compare their details to your records and see what you missed.
- If you don’t agree, send a written explanation including copies of any documents you want them to consider.
- You should be able to handle most issues via mail, no visit required.
- Keep copies of all corresponding.
- Most important – Don’t Panic!
Also remember that if you start off paying your taxes honestly, their shouldn’t be any problems that can’t be solved.
I always am terrified when i get an irs letter. I got 4 letters last year that turned out to be false alarms, but i was a little worried as i was pretty low on cash.
It turns out that i already paid the money, but i wrote the social security number wrong, 2 years ago. I still had to pay penalties