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Tax & Bookkeeping

Received A Letter From The IRS

Did you receive a letter from the IRS? First thing to do is to turn your panic reaction off. The letter more than likely says you owe more than you do, in many cases it says you owe twice as much as you really owe. With that in mind you can get your focus and find the solution.  There are a number of different IRS letters, so contact me as soon as possible, I will guide you through it, and we will resolve any issues and get you back in right standing.

The Web Accountant

The Web Accountant

You may have received a letter from the IRS saying that you did not file your taxes for a prior year and that you must pay now. This is called a notice of deficiency. There are two types: a 30 day letter and a 90 day letter. The 30 day letter comes first and explains that you have 30 days to file or explain why you do not have to file. The second letter, the 90 day letter usually comes by certified mail and is your final notice before action is taken. In some cases the IRS skips sending the 30 day later and you will only receive a 90 day letter.

You may have received a letter from the IRS asking for more information for a previously filed return.  An example would be the IRS asks you to provide evidence of tuition being paid to a university to prove that you qualified for the American Opportunity Tax Credit you claimed on your taxes. In this case you want to make sure you respond to the first letter promptly because you may not get another letter asking you to provide the proof. They will assume you do not have proof any thus did not qualify for the credit and must pay back the amount of the credit you claimed. Without warning, the next time you file your taxes the IRS will take the money owed from your refund. You would then have to submit the university documents the IRS already requested from you, for reconsideration, in order to get your refund back and that can take months.

Contact me now, if you received any of these letters from the IRS.


About The Web Accountant

Justin is a seasoned accountant with over 10 years experience in business and accounting including public accounting, corporate accounting, government contracting, real estate, retail, individual and business tax preparation. Justin has a bachelor of science degree in finance with a concentration in advanced accounting from the University of Maryland. Justin is an IRS Registered Tax Professional and works via the web with clients anywhere in the world and is available in person to clients in the Maryland, Washington D.C. and Virginia area.


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