Tax Pro Plus: Tax Tips - Did You Receive an IRS Notice?

Talk to your tax  professional right away

Every year the IRS sends millions of letters and notices to taxpayers. If one shows up in your mailbox, don’t panic! The IRS may simply be requesting payment of taxes, notifying you of a change to your account, or requesting additional information. Regardless, any notice you receive will normally cover a very specific issue about your account or tax return.

If you receive a notice about a correction to your tax return, you should review the correspondence and compare it with the information on your return. Call your tax professional right away! In most cases, the IRS will require a response within 30 or 60 days, and your tax professional will need time to review the notice and determine the appropriate response. Be sure to keep copies with your tax records of any

correspondence between you, your adviser and the IRS.