Did you just receive an IRS Notice? If so, you may be wondering what to do. You are not alone! The IRS sends out millions of notices each year and the volume is only increasing. With this in mind, it can feel beyond overwhelming when your notice arrives in the mail.
Your Notice
Read your notice carefully and identify what the subject matter is. More likely than not, the notice may contain the following information within your notice:
- You are entitled to a greater or smaller refund.
- They need to ask you a question about your tax return.
- They must confirm your identity.
- They require more information.
- They altered your return.
- They must advise you of any delays in the processing of your refund.
- You have a balance you are obligated to pay.
Responding
There is no need to notify them if you agree with the changes the IRS made. If you owe a debt, follow the payment procedures. If you disagree, simply reply in the manner specified in your notice. If there’s a deadline to reply, be sure to respond prior to the date to avoid any interest or penalties. In addition, consider keeping your copy of the notice in case you will need to refer to it.
Don’t Ignore Your Notice
In cases that pertain to owing some type of debt, it is understandable that you would not respond if you cannot pay. That is not a good idea. The longer you procrastinate, the more interest and penalties will accumulate, making your relationship with the IRS very difficult. Have back taxes? There’s a relief program that consolidates many major relief programs into a one-size-fits-all assistance program; The IRS Fresh Start Program. Many of our clients here at Clear Start Tax Relief are referred to the Fresh Start Program in order to avoid bankruptcy, acquire debt relief, and settle their debts in a quick manner. Let us give you a helping hand today!
How Simple Is Qualifying?
Considering that the Fresh Start Program is a federal program, you would think meeting the qualifications may be very difficult, but really, it’s a lot simpler and quicker than you think. Take the following steps in order to find out if you are eligible in as little as 3 minutes.
- Fill out some basic information about yourself and your back taxes here.
- Have a representative reach out to you to discuss your eligibility.
- Go through the enrollment process and finally reduce or eliminate your tax liabilities.
