Let's face it, notices from the Internal Revenue Service are intimidating. Oftentimes, they claim you owe money that you did not expect to owe. Every year the IRS sends millions of letters and notices to taxpayers, but that doesn’t mean you need to worry. Here are 3 things every MainStreet client should do if they receive a notice from the IRS - just in case one shows up in your mailbox.
1. Don’t panic! Many of these letters can be dealt with simply and painlessly. In most cases, MainStreet can resolve the problem with a quick call or letter at little to no charge.
2. Call us first! Do not call the IRS! All IRS notices have telephone numbers to call to discuss the claim, but don't call them without first speaking with your MainStreet accountant. The IRS doesn't exactly have a track record for being gracious, understanding and lenient to taxpayers on the phone. We have had many clients dig themselves into unnecessary holes or end up paying far more than they were required, simply because they failed to tell us about a notice they received and tried to work it out themselves.
Let us represent you. Please tell us about any notices you receive from the IRS so we can help. Contact us now.